A college student plans to take out a $6,000 loan to cover the cost of purchasing a used car. If the loan has a 6% annual interest rate compounded continuously, with no payments due for the first two years. The student will pay off the loan with a lump sum after 15 months. Determine how much interest will be owed if the student pays off the loan after 15 months.
$565.05
$467.30
$8,757.62
$6,467.30