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The interest rate on a $59,000 loan is 8.9% compounded semiannually. Quarterly payments will pay off the loan in twelve years. (Do not round intermediate calculations and round your final answers to 2 decimal places.) a. Calculate the interest component of Payment 10. Interest $ b. Calculate the principal component of Payment 40. Principal $ c. Calculate the total interest in Payments 29 to 40 inclusive Total interest S d. Calculate the reduction of principal in Year 5. Principal reduction S