A group of private investors purchased a condominium complex for $2 million. They made an initial down payment of 10% and obtained financing for the balance. The loan is to be amortized over 13 years at an interest rate of 15% per year compounded quarterly. (Round your answers to the nearest cent.) What is the required quarterly payment? $ 7917.34 x How much total interest will be paid on the loan? $ 231701.68 x