You decide to accept a quote from a store specializing in office remodeling. They offer to pay in quarterly installments due over 3 years, giving a footing of $600,000. of $600,000. The estimate as of today's date is $3,600,000. specialty store applies an interest rate of: 2.5% effective quarterly for year 1. 2% effective quarterly for years 2 and 3. If the installments to be paid are nominally equivalent, calculate the amount of the installment.