A loan of $225000 is made at time t=0. It is to be repaid with payments at the end of each 6 month period (semi-annual payments). The loan has a nominal annual rate of interest of i= 5.0% compounded semi-annually. The first payment is at the end of the first 6 months and is $15000. Each payment thereafter is increased by $150. Determine the amount of interest in the 8th payment. Enter your answer to the nearest cent. Hint: Find the balance after the 7th payment and use is = B;*i