he following is a definite statement that "lack of scheduling or poor scheduling costs money. Express this in terms of money lost due to interest payment on loans in the following amounts: a) $5...

Extracted text: he following is a definite statement that "lack of scheduling or poor scheduling costs money. Express this in terms of money lost due to interest payment on loans in the following amounts: a) $5 million b) $2.8 million c) $350,000 "you received 8% annual interest rates on the above loans and each of your projects was late by 5 months, please calculate the amount of simple interest you would have to pay in the following order: 1. Total interest per year 2. Total additional interest for the five months of extension • How much of extra interest would you pay for everyday of extension?