A $30,000 loan at 8% compounded quarterly is to be repaid by equal quarterly payments over a seven-year term. a. What will be the principal component of the sixth payment? (Round your answer to 2 decimal places.) Principal component of the sixth payment $ b. What will be the interest portion of the twenty-second payment? (Round your answer to 2 decimal places.) c. How much will the loan's balance be reduced by Payments 10 to 15 inclusive? (Round your answer to 2 decimal places.) Principal paid by Payment 10 to Payment 15 inclusive $ d. How much interest will be paid in the second year? (Round your answer to 2 decimal places.) Interest paid in the second year $