Ariel and Maria purchased some equipment for $92,500, and paid 25% of the value as a down payment. They received a small

[answerhappygod]

Ariel and Maria purchased some equipment for $92,500, and paid
25% of the value as a down payment. They received a small business
loan for the balance at 8.45% compounded semi-annually. They had to
make payments of $3,219.95 at the end of every month to settle the
loan.
a. How many payments were made?
A full solution for the number of payments should be
shown. Submit your solution.
payments
Round up to the next payment period
b. Fill in the partial amortization schedule for the first two
payments, the last two payments, including the previous principal
balance, and all totals.
No work needs to be shown. Enter the value directly into
the schedule.
Payment Number
Payment
Interest Portion
Principal Portion
Principal Balance
0
1
2
: :
: :
: :
: :
: :
: :
: :
: :
: :
: :
0.00
Totals
--
c. What was the total interest paid (cost of financing)?
No work needs to be shown. Enter the values directly for the
total interest paid.
Round to the nearest cent