Seaview Inc. borrowed $142,000.00 at 4.4% compounded semi-annually. The loan is repaid by payments of $9700.00 due at the end of every six months. How many payments are needed and what will be the outstanding balance after 8 payments? 18 and $ 60.480 18 and $ 56.842 18 and $ 81,520 18 and $85.158