A successful businessman is seling one of his fast food franchises to a close friend. He is seling the business today for $2,699,000.00. However, his friend is short on capital and would like to delay psyment on the business. After negotiation, they apree to delay 5.00 years bofore the first payment. At that point, the triend will make quarterly payments for 10.00 years. The deal cally for a 5.80% APR "loan" rate with quarterty compounding. What quarterly payment will the friend make on the loan