On January 1, 2005, Aliza secured a ten-year $600,000 loan with annual payments from Trinity National Bank. At the end of each year, she will pay interest due together with $60,000 of principal. The interest rate is reset annually to the one-year prime rate of Trinity National Bank plus 175 basis points. The one-year prime rates for select dates are given in the table below. Calculate the amount of Aliza's third payment. Date 1-year prime rate 1/1/2005 3.52% 1/1/2006 4.75% 1/1/2007 3.94% 1/1/2008 5.21% On January 1, 2005, Aliza secured a ten-year $600,000 loan with annual payments from Trinity National Bank. At the end of each year, she will pay interest due together with $60,000 of principal. The interest rate is reset annually to the one-year prime rate of Trinity National Bank plus 175 basis points. The one-year prime rates for select dates are given in the table below. Calculate the amount of Aliza's third payment. Date 1-year prime rate 1/1/2005 3.52% 1/1/2006 4.75% 1/1/2007 3.94% 1/1/2008 5.21%