Rosie's Florist Borrows $300,000 to Be Paid Off in Six

Multiple Choice

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.$300,000 9.95400* = $30,139 *PVA of $1: n=12; i=3%