a loan of $40,000 is being paid by installments of $5,000 at the end of each six-month period and a smaller final payment made half a year after the last regular payment. the interest rate for the loan is a nominal interest rate of 4% convertible semiannually. find the outstanding loan balance when the borrower has made payments equal to 75% of the original amount of the loan. (round your answer to the nearest cent.) $
