Multiple Choice
Micro Brewery borrows $300,000 to be paid off in 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.$300,000 5.41719* = $55,379 *PVA of $1: n=6; i=3%
Correct Answer:
Verified
Correct Answer:
Verified
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