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Exercise 1 2 . 1 # 1 1 algo ( Calculator Version ) itsferencesKaren obtained a $ 4 0 , 0 0 0 loan at

Exercise 12.1 #11 algo (Calculator Version)itsferencesKaren obtained a $40,000 loan at 3.9% compounded semiannually.a-1. What monthly payment will repay the loan in 71/2 years? (Do not round intermediate calculations and round your final answer to 2 decimal places.)Monthly paymenta-2. How much interest will Karen pay over the life of the loan? (Round intermediate calculations to 2 decimal places and round your final answer to the nearest dollar.)Total interest$

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