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The interest rate on a $14,000 loan is 8.4% compounded semiannually. Semiannual payments will pay off the loan in 7 years. b. Calculate the interest

The interest rate on a $14,000 loan is 8.4% compounded semiannually. Semiannual payments will pay off the loan in 7 years.

b. Calculate the interest component of Payment 10

c. Calculate the principal component of Payment 3

d. Calculate the interest paid in Year 6

e. Calculate the principal component in Payment 5.

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