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7 . A $ 3 7 , 0 0 0 loan at 8 . 2 % compounded semiannually is to be repaid by semiannual payments
A $ loan at compounded semiannually is to be repaid by semiannual payments of $except for the smaller final payment
a What will be the principal component of the th payment?
b What will be the interest portion of the th payment?
c How much will payments to inclusive reduce the principal balance?
d How much interest will be paid in the th year?
e What will be the final payment?
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