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7 . A $ 3 7 , 0 0 0 loan at 8 . 2 % compounded semiannually is to be repaid by semiannual payments

7. A $37,000 loan at 8.2% compounded semiannually is to be repaid by semiannual payments of $2500(except for the smaller final payment).
a) What will be the principal component of the 16th payment?
b) What will be the interest portion of the 6th payment?
c) How much will payments 8 to 14 inclusive reduce the principal balance?
d) How much interest will be paid in the 5th year?
e) What will be the final payment?

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