When Albertina opened her law office, she bought $13,000 worth of law books and $7400 worth of furniture. She paid $1200 down and agreed to amortize the balance with semiannual payments for 6 years at 11% compounded semiannually. Find the amount of each payment. Then use the formula for the remaining balance to find the number of remaining payments when the loan. has been reduced below $10,000. What is the amount of each payment? (Round to the nearest cent as needed.) How many payments remained when the loan had been reduced below $10,000?

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