A loan of 350000 is amortized over twenty years with equal size quarterly payments (i.e. end of quarter) at a nominal annual interest rate of 3% compounded quarterly. Calculate the outstanding loan balance immediately after the 15th payment is made. Give your answer rounded to the nearest whole number (i.e. X). A loan of 500000 is amortized over twenty years with equal size quarterly payments (.e. end of quarter) at a nominal annual interest rate of 3% compounded quarterly. Calculate the amount of interest paid in the 20th payment. Give your answer rounded to the nearest whole number (i.e. X). A loan is amortized over five years with monthly payments (i.e. end of month) at a nominal annual interest rate of 5% compounded monthly. The first payment is for 500 and is to be paid one month from the date of the loan. Each subsequent monthly payment will be 20 more than the previous payment. Calculate the outstanding loan balance immediately after the 40th payment is made. Give your answer rounded to the nearest whole number (i.e. X)