Question $1$: $($Continued$)$

$($b$)$ Construct an amortization schedule by completely filling in the table below.

Only show the necessary work for payment period #$1$ in the space below the table. No need to

show work for all payment periods, just the first. Question $1$: $($Continued$)$

$($c$)$ What was the cost of the loan? No need to show work. Just give final answer below.

Final Answer:Question $1$: $($Value $8$ marks$)$

Reyansh has a debt of $$20,000.$ The debt is amortized by making payments at the end of every six

months for $3$ years. Interest on the loan is $10\%$ compounded semi$-$annually.

$($a$)$ Determine the size of the semi$-$annual payments. $($Question continued on next page$)$

Show all inputs and any other necessary work below.

Final Answer:Question $1$: $($Continued$)$

$($b$)$ Construct an amortization schedule by completely filling in the table below.

Only show the necessary work for payment period #$1$ in the space below the table. No need to

show work for all payment periods, just the first.

c$)$ What was the cost of the loan? No need to show work. Just give final answer below.