A loan of $25,500.00 at 6.50% 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. $2,436.25 $3,125.49 $2,600.16 $2,794.27 b. Calculate the total interest paid. $5,701.92 $31,201.92 $3,101.76 $8,302.08