A company borrows $$120,500$ from a bank. The interest rate on the loan is $10$ percent compounded semiannualy. The company agrees to repay the loan in equal semiannualy installments over the next $10$ years. The first payment is to be made six months from now. $($Use factor table in Appendix B for calculation$)$

Required $1$: What is the amount of each semiannual payment?$$ $$\_\_\_\_\_$

Required $2$: In the first payment, what is the amount of principal cancelled?$$ $$\_\_\_\_\_$

Required $3$: In the second payment, what is the amount of interest paid?$$ $$\_\_\_\_\_$

Required $4$: In the last payment, what is the amount of the last payment to cancel the loan?$$ $$\_\_\_\_\_$

Required $5$: Assume the debt contract has the option to make one extraordinary payment of up to $25\%$ of the principal. If the company decides to exercise the right and make the extra payment together with the $18$th payment, how much it must pay in dollars at the $18$th payment to pay off the loan?$$ $$\_\_\_\_\_$

Required $6$: What is the amount reported in the annual audited balance sheet for this loan at the end of period $8?$ $$\_\_\_\_\_$

Required $7$: What is the amount of interest expense reported in the annual audited income statement for this loan at the end of period $8?$ $ $\_\_\_\_\_\_$