A design studio received a loan of $4,300 at 6.90% compounded semi-annually to purchase a camera. If they settled the loan in 3 years by making quarterly payments, construct the amortization schedule for the loan and answer the following questions: a. What was the payment size? $0.00 Round to the nearest cent b. What was the size of the interest portion on the first payment? $0.00

Round to the nearest cent c.

What was the balance of the loan at end of the first year? $0.00 Round to the nearest cent d.

What was the size of the interest portion on the last payment? $0.00 Round to the nearest cent