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The interest rate on a $102,000 loan is 7.1% compounded semiannually. The monthly payments on the loan are $720. (Round your answers to 2 decimal places.) a. Calculate the interest component of Payment 201 Interest Interest b. Calculate the principal component of Payment 13 Principal s Calculate the final payment Final payment The interest rate on a $15,500 loan is 9.9% compounded semiannually. Semiannual payments will pay off the loan in eight years. (Do not round intermediate calculations. Round the PMT and final answers to 2 decimal places.) a. Calculate the interest component of Payment 11 Interest b. Calculate the principal component of Payment 5. Principal c. Calculate the interest paid in Year 7 Interest paid d. How much do Payments 5 to 8 inclusive reduce the principal balance? Principal reduction Monica bought a $1550 4K Ultra HD TV for 20% down, with the balance to be paid with interest at 15% compounded monthly in six equal monthly payments. Construct the full amortization schedule for the debt. Calculate the total interest paid. (Do not round intermediate calculations. Round your answers to 2 decimal places. Leave no cells blank - be certain to enter"0" wherever required.) Payment number Payment Interest portion Principal portion Principal balance 51240.00 Total interest