Question 1 Not yet answered Marked out of 20.00 P Flag question You want to borrow $6,000 and repay it in semiannual equal installments over 5 years. APR = 12% a) How much is each installment? (5 Points) b) Prepare the loan amortization table for the first year (or the first 2 payments) only (8 Points) c) If the loan repayment is based on equal principals and all other variables (number of installments, APR, loan amount & duration) remain the same How much is the total first payment interest principal)? (5 Points Will the second total payment be greater or lower than the first? Why? (2 Points)