CONSTRUCTING AN AMORTIZATION SCHEDULE

Aiden and Abbey received a small business loan of $$81,500$ at $9\%$ compounded semi$-$annually. They received the loan for two years and had to make payments at the end of every six months to settle the loan.

a$.$ What was the size of the semi$-$annual payments?

b$.$ Construct an amortization schedule for the loan.

c$.$ What was the total amount paid to amortize the loan?

d$.$ What was the cost of financing $($total interest paid$)?$