A loan of $20,100.00 at 6.00% compounded semi-annually is to be repaid with payments at the end of every 6 months. The loan was settled in 6 years. (Question relates to: Annuities - Future and Present Value Calculations for Ordinary Simple and General Annuity)

1. Calculate the size of the periodic payment.

a. $1,889.99

b. $2,397.47

c. $2,019.29

d. $2,172.36

2. Calculate the total interest paid.

a. $4,131.48

b. $24,231.48

c. $2,112.19

d. $6,150.77