A $49,000 loan at 9.4% compounded semiannually is to be repaid by semiannual payments of $3,700 (except for a smaller final payment). 

a. What will be the principal component of the sixteenth payment? Principal $

b. What will be the interest portion of the seventh 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 $