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Question 3 of 6 A loan of $20,200.00 at 3.50% compounded semi-annually is to be repaid with payments at the end of every 6 months.

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Question 3 of 6 A loan of $20,200.00 at 3.50% compounded semi-annually is to be repaid with payments at the end of every 6 months. The loan was settled in 3 years. a. Calculate the size of the periodic payment. $3,091.22 O $3,790.90 $3,575.86 $4,254.55 b. Calculate the total interest paid. $1,255.16 $21,455.16 -$2,320.70 $4,831.02

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