Instructor-created question Question Help Often, through government supported programs, students may obtain "bargain interest rates such as 6% or 8% to attend college. Frequently, payments are not due and interest does not accumulate until the student stops attending college. A student has borrowed $23.000 at an annual interest rate of 65%. Assuming simple interest, calculate the amount of interest due 5 months after the student must begin payments The interest due is $ (Round to the nearest cent as needed)