Question: answer it fast The interest rate on a $102,000 loan is 7.1% compounded semiannually. The monthly payments on the loan are $720. (Round your answers

answer it fast

answers to 2 decimal places.) a. Calculate the interest component of Payment

The interest rate on a $102,000 loan is 7.1% compounded semiannually. The monthly payments on the loan are $720. (Round your answers to 2 decimal places.) a. Calculate the interest component of Payment 201. Interest Interest b. Calculate the principal component of Payment 136. Principal Calculate the final payment Final payment The interest rate on a $15,500 loan is 9.9% compounded semiannually. Semiannual payments will pay off the loan in eight years. (Do not round intermediate calculations. Round the PMT and final answers to 2 decimal places.) a. Calculate the interest component of Payment 11 Interest b. Calculate the principal component of Payment 5. Principal c. Calculate the interest paid in Year 7 Interest paid d. How much do Payments 5 to 8 inclusive reduce the principal balance? Principal reduction Monica bought a $1550 4K Ultra HD TV for 20% down with the balance to be paid with interest at 15% compounded monthly in six equal monthly payments Construct the full amortization schedule for the debt. Calculate the total interest paid. (Do not round intermediate calculations. Round your answers to 2 decimal places. Leave no cells blank - be certain to enter "0" wherever required.) Payment number Payment Interest portion Principal portion Principal balance $1240.00 Total interest

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