This problem is a complex financial problem that requires several skills, perhaps some from previous sections. During four years of college, Nolan MacGregor's student loans are $4000 $3500 $4400 and $5000 for freshman year through senior year, respectively. Each loan amount gathers interest of 1.9% compounded quarterly, while Nolan is in school and 3.3%, compounded quarterly, during a 6-month grace period after graduation. (a) what is the loan balance after the grace period? Assume the freshman year loan earns 1.9% interest for 3/4 year during the first year, then for 3 full years until graduation. Make similar assumptions for the loans for the other years. (Round your answer to the nearest cent.) (b) After the grace period, the loan is amortized over the next 10 years at 3.3%, compounded quarterly, find the quarterly payment. (Round your answer to the nearest cent.) c) If Nulari decides to pay an additional90 per payment, how many payments will amortize lhe debt? Round your dnswer up lo the next whole number. quarters Need Help? Read It This problem is a complex financial problem that requires several skills, perhaps some from previous sections. During four years of college, Nolan MacGregor's student loans are $4000 $3500 $4400 and $5000 for freshman year through senior year, respectively. Each loan amount gathers interest of 1.9% compounded quarterly, while Nolan is in school and 3.3%, compounded quarterly, during a 6-month grace period after graduation. (a) what is the loan balance after the grace period? Assume the freshman year loan earns 1.9% interest for 3/4 year during the first year, then for 3 full years until graduation. Make similar assumptions for the loans for the other years. (Round your answer to the nearest cent.) (b) After the grace period, the loan is amortized over the next 10 years at 3.3%, compounded quarterly, find the quarterly payment. (Round your answer to the nearest cent.) c) If Nulari decides to pay an additional90 per payment, how many payments will amortize lhe debt? Round your dnswer up lo the next whole number. quarters Need Help? Read It