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

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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