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

Multiple Choice

Present and future value tables of $1 at 3% are presented below:

-Micro Brewery borrows $300,000 to be repaid in equal installments over a period of three 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) $55,379.
B) $106,059.
C) $30,138.
D) $60,276.