2. A corporate loan of $500,000 is to be paid off at an interest rate of 4% p.a. compounded quarterly and with quarterly payments of $15,227.80 at the end of each quarter over a period of 10 years. However after five years the corporation refinances their loan at an interest rate of 2% p.a. compounded quarterly over a period of a further 10 years, with a refinancing fee of $500 added to the amount of the refinanced loan. Determine the new quarterly payments for the refinanced loan, giving your answer rounded to the nearest cent