Question: A $ 3 7 , 0 0 0 loan at 8 . 2 % compounded semiannually is to be repaid by semiannual payments of $
A $ loan at compounded semiannually is to be repaid by semiannual payments of $except for the smaller final paymenta What will be the principal component of the h payment? What will be the interest portion of the th payment?c How much will payments to inclusive reduce the principal balance?d How much interest will be paid in the th
year?e What will be the final payment?Please solve this with full explation
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