The interest rate on a $ 1 5 , 9 0 0 loan is 1 0 .
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Question:
The interest rate on a $ loan is compounded
semiannually. Semiannual payments will pay off the loan in nine
years. Do not round intermediate calculations. Round the PMT and
final answers to decimal places. a Calculate the interest
component of Payment Interest $ b Calculate the principal
component of Payment Principal $ c Calculate the interest paid
in Year Interest paid $ d How much do Payments to inclusive
reduce the principal balance? Principal reduction $
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