Problem: A company just purchased a small field in the Albuquerque field in New Mexico. According to their analysis, it would cost $300,000,000 to get this field running and to start generating revenue. Before visiting the bank to burrow the loan for this development, they would like to understand their payment plan at an interest rate of 10% for a period of five years. Calculate (a) the quarterly payment, and (b) monthly payment. If the loan must be paid back using quarterly payments, show the amortization schedule for the first three years. What is the principal owed in the last quarter?