Mr$.$ Bean wants to borrow $$8,200$ for three years. The interest rate is $5\mathrm{.}5\%$ compounded monthly.

a$.$ What quarterly payments are required on the loan? $($Do not round intermediate calculations and round your final answer to $2$ decimal places.$)$

PMT

b$.$ What will be the balance owed on the loan at the start of the third year? $($Round PMT calculation to $2$ decimal places. Do not row other intermediate calculations and round your final answer to $2$ decimal places.$)$

Balance owed