This problem is a complex financial problem that requires several soils, perhaps some from previous sections athers During four years of college, Nolan MacGregor's student loans are $1,00 0 $4,400, and $5,000 for freshman year through senior year, respectively. Lachlan Interest of 2%, compounded quarterly, white Nolan is in school and compounded quarterly, during a 6-month grace period after graduation (a) What is the loan balance (in dollars) after the grace period? Assume the freshman year loan earns Interest for 3/4 year during the first year, then for graduation. Make similar ansumptions for the loans for the other years. (Round your answer to the nearest cont.) $ 17905.42 full years until compounded quarterly. Find the quarterly payment in dollars). (Round your answer to the nearest (b) After the grace period, the loan is amortized over the next 10 years at cent.) $ 519.80 (c) ir Nolan dedides to pay an additional $50 per payment, how many payments will amortize the debt? (Round your answer to two decimal places.) 17 03 X payments What amount (in dollars) should be added to the last payment to pay the loan in full? (Round your answer to the nearest cent.) $ 9868.20 (d) How much will Nolan save (in dollars) by paying the extra $60 with each payment (Round your answer to the nearest cent.) $ 21319.80X This problem is a complex financial problems that requires several is, h o me from previous sections Clark and Lanataka 10 year home mortga (a) Find the regular monthly payment. $ 062 1 20,000 compounded monthly They make their regular monthly payments for years, then decide to pay $1400 per month Your answer to the nearest cent.) (1) Find the unpaid balance when they begin paying the $1400, (Round your answer to the nearest cent.) take to pay of the loan? Give the answer correct to two decimal places. How many payments of $1400 W monthly payments (duse your answer to part (c) to find how much Interest they save by paying the loan this way. (Round your answer to the nearest cont.)