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Present and Future Value Tables of $1 at 3% Are

Question 68

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Present and future value tables of $1 at 3% are presented below:
Present and future value tables of $1 at 3% are presented below:   -Rosie's Florist borrows $300,000 to be paid off in six years. The loan payments are semiannual with the first payment due in six months, and interest is at 6%. What is the amount of each payment? A)  $25,750. B)  $29,761. C)  $30,139. D)  $25,500.
-Rosie's Florist borrows $300,000 to be paid off in six years. The loan payments are semiannual with the first payment due in six months, and interest is at 6%. What is the amount of each payment?


A) $25,750.
B) $29,761.
C) $30,139.
D) $25,500.

Correct Answer:

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