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

A loan of $34,500.00 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.
$3,677.23
$4,577.04
$3,993.02
$4,379.46
b. Calculate the total interest paid.
$5,430.20
$39,930.20
$1,437.18
$9,423.22

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