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A $43,000 loan at 8.4% compounded semiannually is to be repaid by semiannual payments of $3,100 (except for a smaller final payment). (Do not round

A $43,000 loan at 8.4% compounded semiannually is to be repaid by semiannual payments of $3,100 (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? b. What will be the interest portion of the fifth payment? c. How much will Payments 6 to 13 inclusive reduce the principal balance? d. How much interest will be paid in the fifth year? e. What will be the final payment?

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