3.15 Armstrong Fisheries took out a $400,000 loan Clyde Amstrong wants to know the semiannual payment for the next 10 years at the loan interest rate of 8 % per year compounded quarterly a) Construct the cash flow diagram and indicate the compounding period and payment period What is the compounding frequency for the quoted loan rate? B What are the effective interest rate and n value that must be in the (ACP.n) tactor to find the semiannual payment