Loan Amortization:

Olfert Inc. is repaying a loan of $52 500.00 by making payments of $4700.00 at the end of every six months. If interest is 7.5% p.a. compounded semi annually, construct an amortization

schedule showing

a) calculations of first two rows

b) Calculations of last payment

c) The total paid and the total cost of the loan.

d) Show calculations for the last row.