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Raquel took out a loan for $28,400 from CIBC at 4.24% compounded semi-annually, and will be making payments at the end of every six months

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Raquel took out a loan for $28,400 from CIBC at 4.24% compounded semi-annually, and will be making payments at the end of every six months for the next 10.5 years to repay the loan. Answer the following questions, and round all answers to two decimal places if necessary. 1) What is the amount of each payment? PN= CN=N= 1/Y= \% 2) What is the total sum of money that Raquel will eventually pay to clear the loan? Trtal amount paid = ? (enter a positive value) 3) What will be the total amount of interest paid? nterest poid = =5 (enter a positive value)

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