Question: A $141,000 loan at 6% compounded semiannually will be repaid by monthly payments over a 25-year amortization period. (Round loan payment to the nearest cent.

A $141,000 loan at 6% 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 191.

Interest component of Payment 191 is $

b. Calculate the principal component of Payment 104.

Principal component of Payment 104 is $

c. Calculate the reduction of principal in Year 1.

Principal reduction in Year 1 is $

d. Calculate the reduction of principal in Year 25.

Principal reduction in Year 25 is $

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