TUL. questions from Chapter 3 to 8 Question 2 of 9 1.0 Points A business loan is being paid off over 25 years with semi-annual payments of payments as follows: 2,000 at the end of every 6 months for the first 10 years, and 3,000 at the end of every 6 months for the next 15 years. The loan interest rate is 12 = 4%. How much principal is paid off in the sixteenth year of the loan? A. $4,078.21 B. $4,037.83 C. $1,921,79 D. $2,018,91 Reset Selection Next Save