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a.)Determine the payment to amortize the debt. (Round your answer to the nearest cent.) Quarterly payments on $18,500 at 3.5% for 6 years. b.)Find the

a.)Determine the payment to amortize the debt. (Round your answer to the nearest cent.) Quarterly payments on $18,500 at 3.5% for 6 years.

b.)Find the unpaid balance on the debt. (Round your answer to the nearest cent.) After 7 years of monthly payments on $140,000 at 3% for 25 years.

c.)The super prize in a contest is $10 million. This prize will be paid out in equal yearly payments over the next 25 years. If the prize money is guaranteed by AAA bonds yielding 6% and is placed into an escrow account when the contest is announced 1 year before the first payment, how much do the contest sponsors have to deposit in the escrow account? (Round your answer to the nearest cent.)

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