The interest rate on a $$200,000$ loan is $8\%$ compounded quarterly. $($Round your answers to the nearest cent.$)$

a$.$ What payments at the end of every quarter will reduce the balance to $$150,000$ after $3\frac{1}{2}$ years?

PMT $

b$.$ If the same payments continue, what will be the balance seven years after the date that the loan was received?

Balance $

c$.$ How much interest will be paid during the first seven years?

Interest $The interest rate on a $$200,000$ loan is $8\%$ compounded quarterly. $($Round your answers to the nearest cent.$)$

a$.$ What payments at the end of every quarter will reduce the balance to $$150,000$ after $312$

years?

PMT $

b$.$ If the same payments continue, what will be the balance seven years after the date that the loan was received?

Balance $

c$.$ How much interest will be paid during the first seven years?

Interest $