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Question 49

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Use the following to answer questions
Present and future value tables of $1 at 3% are presented below:
Use the following to answer questions Present and future value tables of $1 at 3% are presented below: -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.
-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.

Correct Answer:

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