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Value 10.00 points The interest rate on a $15,800 loan is 10.2% compounded semiannually. Semiannual payments will pay off the loan in seven years. (Do

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Value 10.00 points The interest rate on a $15,800 loan is 10.2% 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 References Worksheet Learning objective 14-04 Calculate the principa and test components of any

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