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Question 5 of 5 A design studio received a loan of $6,150 at 5.30% compounded...

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Question 5 of 5 A design studio received a loan of $6,150 at 5.30% compounded semi-annually to purchase a camera. If they settled the loan in 2 years by making quarterly payments, construct the amortization schedule for the loan and answer the following questions: a. What was the payment size? $0.00 Round to the nearest cent b. What was the size of the interest portion on the first payment? $0.00 Round to the nearest cent c. What was the balance of the loan at end of the first year? $0.00 Round to the nearest cent d. What was the size of the interest portion on the last payment? Round to the nearest cent

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