A $47,000 loan at 9.1% compounded semiannually is to be repaid by semiannual payments of $3,500 (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 eighteenth payment?

b.What will be the interest portion of the seventh payment?

c. How much will Payments 8 to 17 inclusive reduce the principal balance?

d. How much interest will be paid in the fourth year?

e. What will be the final payment?