Question: 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

The interest rate on a $102,000 loan is 7.1% compounded semiannually. The

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 b. Calculate the principal component of Payment 136. Principal c. Calculate the final payment. Final payment %24

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