The interest rate on a $250,000 loan is 9.9% compounded quarterly. (Do not round intermediate calculations and round your final answers to 2 decimal places.) a. What payments at the end of every quarter will reduce the balance to $210,000 after 3.5 years? PMT is $ b. If the same payments continue, what will be the balance seven years after the date that the loan was received? Balance will be $ c. How much interest will be paid during the first seven years? Interest in first 7 years is $