A $37,000 loan at 8.2% compounded semi-annually is to be repaid by equal semi-annual payments over 10 years.
a) What will be the principal component of the sixth payment?
b) What will be the interest component of the sixteenth payment?
c) How much will Payments 6 to 15 inclusive reduce the principal?
d) How much interest will be paid in the third year?
e) What will be the final payment?

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The Answer of A $37,000 loan at 8.2% compounded semi-annually is to be repaid by equal semi-annual payments over 10 years.
a) What will be the principal component of the sixth payment?
b) What will be the interest component of the sixteenth payment?
c) How much will Payments 6 to 15 inclusive reduce the principal?
d) How much interest will be paid in the third year?
e) What will be the final payment?

A $37,000 Loan at 8