Question: Please help me with this question, thank you! (10 marks) Thuan takes out a loan for $31,941.00. The term of the loan is 10 years,

Please help me with this question, thank you!

(10 marks) Thuan takes out a loan for $31,941.00. The term of the loan is 10 years, and he will make bi-weekly payments. The interest rate on the loan is 9.400% compounded semi-annually. a) What is the effective interest rate per payment period? b) If Thuan is going to repay the loan with level payments, what is the bi-weekly payment amount? c) Fill in the first 3 rows of the loan amortization table

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