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A loan of $ 2 7 , 5 0 0 . 0 0 at 3 . 5 0 % compounded semi - annually is to

A loan of $27,500.00 at 3.50% compounded semi-annually is to be repaid with payments at the end of every 6 months. The loan was settled in 6 years.
a. Calculate the size of the periodic payment.
$2,383.50
$2,845.81
$2,560.63
$2,770.09
b. Calculate the total interest paid.
$3,227.56
$30,727.56
$666.93
$5,788.19

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