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A loan of $ 3 4 , 3 0 0 . 0 0 at 6 . 5 0 % compounded semi - annually is to

A loan of $34,300.00 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.
$3,277.00
$4,204.09
$3,497.47
$3,758.57
b. Calculate the total interest paid.
$7,669.64
$41,969.64
$4,172.17
$11,167.11

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