Skynet financed an expansion project by agreeing to make payments of $8,000 at the end of every three months for the next ten years.At the time of the purchase, money was worth 7.8% compounded annually.

a.What was the original principal of the loan?

b.Compute the interest portion paid and the principal portion repaid by the 37^th payment.

c.Construct a partial amortization schedule showing the first three payments, the last four payments, and the totals.