Question 7 of 15 Harris Machinery received a demand loan of $180,000. It repaid $75,000 at the end of the first year, $80,000 at the end of the second year, and the balance at the end of the third year. The interest rate charged on the loan was 5.84% compounded semi- annually for the first year, 5.39% compounded quarterly for the second year, and 5.12% compounded monthly for the third year. a. What was the balance of the loan at the end of the first year? $0.00 b. What was the balance of the loan at the end of the second year? $0.00 Round to the nearest cent c. What amount at the end of the third year will settle the loan? 50.00 Round to the nearest cent