A $56,000 loan at 10.2% compounded semiannually is to be repaid by semiannual payments of $4,400 (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 7 to 15 inclusive reduce the principal balance? Principal reduction d. How much interest will be paid in the fifth year? Interest pald $ e. What will be the final payment? Final payment