please give me the correct answers $,$ with full decimals and solve for semi annual and monthly payments.Present value with periodic rates. Sam Hinds, a local dentist, is going to remodel the dental reception area and

add two new workstations. He has contacted A$-$Dec, and the new equipment and cabinetry will cost $$15,000.$ The

purchase will be financed with an interest rate of $8\%$ loan over $10$ years. What will Sam have to pay for this

equipment if the loan calls for semiannual payments $(2$ per year$)$ and monthly payments $(12$ per year$)?$ Compare

the annual cash outflows of the two payments. Why does the monthly payment plan have less total cash outflow

each year?

What will Sam have to pay per period if the loan calls for semiannual payments $(2$ per year$)?$

$($Round to the nearest cent.$)$