Question: A $ 3 9 , 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 a smaller final paymentDo not round intermediate calculations and round your final answers to decimal places.
a What will be the principal component of the seventeenth payment?
Principal $
b What will be the interest portion of the sixth payment?
Interest $
c How much will Payments to inclusive reduce the principal balance?
Principal reduction $
d How much interest will be paid in the sixth year?
Interest paid $
e What will be the final payment?
Final payment $
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