Zam Zam Inc. borrowed $142 000.00 at 4.4% compounded semi-annually. The loan is repaid by payments of $9700.00 due at the end of every six months. How many payments are needed and what will be the outstanding balance after 8 payments? a 18 and $85 158 b 18 and $81 520 c 18 and $60 480 d 18 and $56 842 e 15 and $64 800