Question 1 of 15 Cassandra secured a lease on a machine by paying $1,600 as a down payment and then $250 at the beginning of every half-year for 2 years. Assume that the cost of financing is 4.09% compounded semi-annually. a. What was the principal amount of the loan? Round to the nearest cent Question 1 of 15 b. What was the cost of the machine? Round to the nearest cent c. What was the amount of interest paid over the term? Round to the nearest cent