A debt of $65,000.00 is repaid by payments of $3000.00 made at the end of every six months. Interest is 5.4% compounded quarterly.

a) what is the number of payments needed to retire the debt?

b) how much of the principal will be repaid by thr 5th payment?

c) what is the interest paid in the 3rd year?

d) how mich of the tenth payment will be interest?

e) what will be the final payment?

QUESTION 9 Adebt of $65,000.00 is repaid by payments of $3000.00 made at the end of every six months. Interest is 5.4% compounded quarterly. a) What is the number of payments needed to retire the debt? b) How much of the principal will be repaid by the 5th payment? c) What is the interest paid in the 3rd year? d) How much of the tenth payment will be interest? e). What will be the final payment? For the toolbar, press ALT F10 (PC) or ALT+FN+F10 (Mac). BIUS Paragraph Arial 10pt 3 X X TTT TT 99 v V 111 2 I. x X O Q 6 E - [+ r 2 e HE AIRE