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A student takes out a loan of $ 1 comma 9 0 0 at the beginning of each semester ( semi - annually ) for

A student takes out a loan of $1 comma 900 at the beginning of each semester(semi-annually) for 7 semesters to pay for college. The loan charges 7.6% interest compounded semiannually. The student graduates after the 7 semesters and refinances the loan to a lower 6.9% rate compounded monthly with monthly payments (made at the end of each month) for 120 months. Find the monthly payment and the total interest paid using the tvm solver.

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