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The interest rate on a $100,000 loan is 7.2% compounded semiannually. The monthly payments on the loan are $700. (Do not round intermediate calculations. Round

The interest rate on a $100,000 loan is 7.2% compounded semiannually. The monthly payments on the loan are $700. (Do not round intermediate calculations. Round the PMT and final answers to 2 decimal places.)

a. Calculate the interest component of Payment 221. Interest $ b. Calculate the principal component of Payment 156. Principal $ c. Calculate the final payment. Final payment $

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