Question: A $130,000 loan at 5% compounded semiannually will be repaid by monthly payments over a 25 year amortization period (Round loan payment to the nearest

A $130,000 loan at 5% compounded semiannually will be repaid by monthly payments over a 25 year amortization period (Round loan payment to the nearest cent. Round your answer to 2 decimal places.) a. Calculate the interest component of Payment 195 Interest component of Payment 195 is b. Calculate the principal component of Payment 108 Principal component of Payment 108 is $ Calculate the reduction of principal in Year 1. Principal reduction in Year 1 is $ C d. Calculate the reduction of principal in Year 25 Principal reduction in Year 25 is s

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