Avaline just bought a sailboat for $78,000. She placed a down payment of $15,600 and took...

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Avaline just bought a sailboat for $78,000. She placed a down payment of $15,600 and took out a loan for the balance. The terms are she must make semi-annual payments of $6,000, with the first payment in 6 months. Assume (2) = 4%. (a) How many regular payments must Avaline make? (b) What is the size of the drop payment, one period after the final regular payment of $6,000? $ Avaline just bought a sailboat for $78,000. She placed a down payment of $15,600 and took out a loan for the balance. The terms are she must make semi-annual payments of $6,000, with the first payment in 6 months. Assume (2) = 4%. (a) How many regular payments must Avaline make? (b) What is the size of the drop payment, one period after the final regular payment of $6,000? $