During four years of college, Nolan MacGregor's student loans are $4,000, $3,500, $4,400, and \$5,000 for freshman year through senior year, respectivelyloan amount gathers Interest of 1%, compounded...

During four years of college, Nolan MacGregor's student loans are $4,000, $3,500, $4,400, and \$5,000 for freshman year through senior year, respectivelyloan amount gathers Interest of 1%, compounded quarterly, Nolan is in school and 3compounded quarterly, during a 6-month grace period after graduation KaWhat the loan balance in dollars) after the grace ? the freshman year loan carns 1Interest for 3/4 year during the first yearthen for 3 full years until graduation. Make similar assumptions for the loans for the other years. (Round your answer to the nearest cent.) (b) After the grace period, the loan is amortized over the next 10 years at 3%, compounded quarterlyFind the quarterly payment (in dollars)(Round your answer to the nearest cent.) ) Nolan decides to pay an additional $60 per payment, how many payments will amortize the debt ? (Round your answer to two decimal places.) payments What amount ( dollars) should be added to the last payment to pay the loan in full( Round your answer to the nearest cent.) $ () much will Nolan save (dollars) by paying the extra $with each payment? (Round your answer to tho nearest cent.