A $45,000 loan at 8.7% compounded semiannually is to be repaid by semiannual payments of $3,300 (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 sixth payment? Interest $

c. How much will Payments 8 to 14 inclusive reduce the principal balance? Principal reduction $

d. How much interest will be paid in the sixth year? Interest paid $ e. What will be the final payment? Final payment $