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The interest rate on a $ 1 4 , 0 0 0 loan is 8 . 4 % compounded semiannually. Semiannual payments will pay off

The interest rate on a $14,000 loan is 8.4% compounded
semiannually. Semiannual payments will pay off the loan in seven
years.(Do not round intermediate calculations. Round
the PMT and final answers to 2 decimal places.)
a.Calculate the interest component of
Payment 10.
Interest
$
b.Calculate the principal component of
Payment 3.
Principal
$
c.Calculate the interest paid in Year
6.
Interest paid
$
d.How much do Payments 3 to 6 inclusive
reduce the principal balance?
Principal reduction $

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