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A loan of $38,800.00 at 4.00% compounded semi-annually is to be repaid with payments at the end of every 6 months. The loan was settled

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A loan of $38,800.00 at 4.00% compounded semi-annually is to be repaid with payments at the end of every 6 months. The loan was settled in 3 years. a. Calculate the size of the periodic payment. $5,995.06 $7,401.56 $6,926.80 $8,231.75 b. Calculate the total interest paid. a. How many payments (rounded up to the next payment) will it take to accumulate this amount? 22 payments 15 payments 17 payments 18 payments b. How long will it take to accumulate this amount

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