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Leah received a loan of $8,000 at 5.92% compounded semi-annually from a credit union to use as working capital for his business. He had to
Leah received a loan of $8,000 at 5.92% compounded semi-annually from a credit union to use as working capital for his business. He had to make semi-annual payments for a period of 5 years to settle the loan. a a. Calculate the size of his payments. Round to the nearest cent b. What was the total interest paid during the period? E Round to the nearest cent c. What was the interest portion of payment number 3? Round to the nearest cent
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