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  3. 2 points solve the problem below. (hint: find the

2 points Solve the problem below. (Hint: find the "present value" of the last three...

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2 points Solve the problem below. (Hint: find the "present value" of the last three payments!) * A debt of 88000 is to be amortized with 8 equal semiannual payments of $1288.29. If the interest rate is 12% compounded semiannually, find the unpaid balance immediately after the fifth payment. Your answer Solve the problem below. 2 points Six-and-a-half years ago a small business borrowed $50,000 for 10 years at 9% compounded semiannually to update some equipment. Now the company would like to pay off this loan. Find the payoff amount just after the company makes the 14th semiannual payment of $3843.81. Your

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