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A debt of $17,500 is repaid by payments of $2,800 made at the end of each year. Interest is 8% compounded semiannually. a. How many

A debt of $17,500 is repaid by payments of $2,800 made at the end of each year. Interest

is 8% compounded semiannually.

a. How many payments are needed to repay the debt?

b. What is the cost of the debt for the first three years?

c. Construct a partial amortization schedule showing details of the first two payments, the last two payments, and totals.

show your work plz

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