Create a loan repayment schedule for a loan of $500,000 and payments of $1500 made biweekly. Assume a rate of interest of 5.75% per year compounded quarterly. Include only the first 3 rows, payments 33 and 34, and the last 3 rows of the schedule.

a What is the interest portion of the first payment?

b What is the principle portion of the first payment?

c What is the balance after the first payment?

d What is the principle portion of the final payment?

e What is the final payment?

f What is the interest portion of the final payment?