A loan of $23,500.00 at 5.50% compounded semi-annually is to be repaid with payments at the end of every 6 months. The loan was settled in 5 years. a. Calculate the size of the periodic payment. $2,504.78$3,117.69$2,719.88$2,983.11 b. Calculate the total interest paid. $3,698.80$27,198.80$978.92 a. Calculate the size of the periodic payment. $2,504.78$3,117.69$2,719.88$2,983.11 b. Calculate the total interest paid. $3,698.80$27,198.80$978.92$6,418.68