Q1 g

Kelsey had to make payments of $1,125 every 6 months to settle a $19,500 loan that she received at 4.82% compounded semi-annually. a. How long did it take to settle the loan? years months Express the answer in years and months, rounded up to the next month b. What was the interest portion and principal portion of payment number 4 ? Interest Portion: Round to the nearest cent Principal: Round to the nearest cent