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Globecology Waste Management Solutions Ltd. borrowed $62,000 at 2.7% compounded semi-annually. They made payments of $1,150 (except for a smaller final payment) at the end

Globecology Waste Management Solutions Ltd. borrowed $62,000 at 2.7% compounded semi-annually. They made payments of $1,150 (except for a smaller final payment) at the end of every month. 1. How many payments are required to pay off the loan? 2. What is the amount of principal paid during year 2? 3. What is the amount of the final payment? 4. Calculate the total interest paid on the loan

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