(20 points) Kaiba takes out a 7-year loan to pay off his blue-eyes dragon jet. He will pay level quarterly payments, with the first payment occuring three months after the start of the loan. He has negotiated the terms of the loan so that for the first three years, interest will be charged at an annual nominal rate of 0.04 convertible quarterly, with the interest rate increasing to 0.08 convertible quarterly for the remainder of the loan. What is the size of Seto's quarterly payment if the initial amount of the loan is 500,000? Give your response with two decimal places of precision. (20 points) Kaiba takes out a 7-year loan to pay off his blue-eyes dragon jet. He will pay level quarterly payments, with the first payment occuring three months after the start of the loan. He has negotiated the terms of the loan so that for the first three years, interest will be charged at an annual nominal rate of 0.04 convertible quarterly, with the interest rate increasing to 0.08 convertible quarterly for the remainder of the loan. What is the size of Seto's quarterly payment if the initial amount of the loan is 500,000? Give your response with two decimal places of precision