Work please

(b) (10 pt.) A $5,000 loan is being repaid by payments of $400 at the end of each half year for as long as necessary until a smaller final payment is made. The nominal rate of interest convertible semiannually is 14%. Find the amount of principal and the interest in the sixth payment. Hints for solving the above problems . Payment amount is regular payment to repay the total amount of loan. . Interest paid is the interest to the previous outstanding loan balance. payment amount. Outstanding loan balance is computed by subtracting principal repaid from previous outstanding loa . Payment amount consists of interest paid and principal repaid. So addition of interest and principalis ance