A $38,000 loan at 7.9% compounded semiannually is to be repaid by semiannual payments of $2,600 (except for a smaller final payment). (Do not round intermediate calculations and round your final answers to 2 decimal places.)

a. What will be the principal component of the sixteenth payment? Principal $ b. What will be the interest portion of the fifth payment? Interest $ c. How much will Payments 7 to 14 inclusive reduce the principal balance? Principal reduction $ d. How much interest will be paid in the fifth year? Interest paid $ e. What will be the final payment? Final payment $