You want to borrow $6,000 and repay it in semiannual equal installments over 5 years. APR = 12%. a) How much is each installment? (5 Points) b) Prepare the loan amortization table for the first year (or the first 2 payments) only. (8 Points) C) If the loan repayment is based on equal principals and all other variables ( number of installments, APR, loan amount & duration) remain the same How much is the total first payment interest + principal)? (5 Points) Will the second total payment be greater or lower than the first? Why? (2 Points)