A loan of $14,000 with interest at 12% compounded quarterly is repaid in 8 years by equal payments made at the end of each 6 months (a) What is the size of the periodic payment? (b) Construct an...

Please answer all subparts with explanation.

Extracted text: A loan of $14,000 with interest at 12% compounded quarterly is repaid in 8 years by equal payments made at the end of each 6 months (a) What is the size of the periodic payment? (b) Construct an amortization schedule showing the details of the last three payments. (c) What is the total paid and the total interest? (a) The size of the periodic payment is $ (Round the final answer to the nearest cent as needed. Round all intermediate values to six decimal places as needed)