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Kendra has an interest only loan for $55,000.00 maturing in 9 years. The interest rate on the loan is 1.000% compounded semi-annually. She will repay

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Kendra has an interest only loan for $55,000.00 maturing in 9 years. The interest rate on the loan is 1.000% compounded semi-annually. She will repay the principle at maturity by making monthly deposits into a sinking fund paying r(365) = 7.500%. How much are her monthly deposits? O a. $346.97. O b. $375.59. O c. $332.67. O d. $336.24. O e. $357.71. Certainty : OC=1 (Unsure: 67%) OC=3 (Quite sure: > 80%)

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