Kenneth received a loan of $$8,000$ at $4\mathrm{.}50\%$ compounded monthly. He settled the loan by making periodic payments at thKenneth received a loan of $$8,000$ at $4\mathrm{.}50\%$ compounded monthly. He settled the loan by making periodic payments at the end of every three months for $5$ years, with the first payment made $3$ years and $3$ months from now. What was the size of the periodic payments?e end of every three months for $5$ years, with the first payment made $3$ years and $3$ months from now. What was the size of the periodic payments?