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An auto repair shop borrowed $14 comma 000 to be repaid by semi dash annual payments over 8 years. Interest on the loan is 9
An auto repair shop borrowed $14 comma 000 to be repaid by semi dash annual payments over 8 years. Interest on the loan is 9 % compounded semi dash annually. (a) What is the size of the periodic payment? (b) What is the outstanding principal after payment 10? (c) What is the interest paid on payment 11? (d) How much principal is repaid in payment 11? Question content area bottom Part 1 (a) The size of the periodic payment is $ 1246.22. (Round the final answer to the nearest cent as needed. Round all intermediate values to six decimal places as needed.) Part 2 (b) The outstanding principal is $ 6,427.76. (Round the final answer to the nearest cent as needed. Round all intermediate values to six decimal places as needed.) Part 3 (c) The interest paid is $ enter your response here. (Round the final answer to the nearest cent as needed. Round all intermediate values to six decimal places as needed.) Part 4 (d) The principal repaid is $ enter your response here. (Round the final answer to the nearest cent as needed. Round all intermediate values to six decimal places
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