Laverne took out a loan for $9,000 from Scotiabank at 3.12% compounded semi annually, and will be making payments at the end of every six months for the next 10.5 years to repay the loan. Answer the following questions, and round all answers to two decimal places if necessary. 1) What is the amount of each payment? ' l a ,~_m_,r,-'r,_.\\ . m _, . P/Y={ C/Y=l l N= l i/Yzl 1% Rd' \\ ,/ __ 7 " '2\" 7 i _ (55; (R\"' l 0\" '\" PV$ , mugs; FV=$ l '\\/ \\\\_/