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Mathematics, 13.11.2020 03:50 cameronkoberste

John Fare purchased $6,000 worth of equipment by making a $1000 down payment and promising to pay the remainder of the cost in semiannual payments over the next 5 years. The interest rate on the debt is 6%, compounded semiannually. Find the following. (Round your answers to the nearest cent.) (a) the size of each payment
$
586.15

Correct: Your answer is correct.

(b) the total amount paid over the life of the loan
$

(c) the total interest paid over the life of the loan
$

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