The interest rate on a $106,000 loan is 7 6 compounded semiannually The monthly payments on the loan are $750 (Round your answers to 2 decimal places ) Find the following a Calculate the interest component of Payment 206 b Calculate the principal component of Payment 141 c Calculate the final payment

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The interest rate on a $106,000 loan is 7.6% compounded semiannually. The monthly payments on the loan are $750. (Round your answers to 2 decimal

The interest rate on a $106,000 loan is 7.6% compounded semiannually. The monthly payments on the loan are $750. (Round your answers to 2 decimal places.)

Find the following:

a.	Calculate the interest component of Payment 206.

b.	Calculate the principal component of Payment 141.

c.	Calculate the final payment.

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