Multiple Choice
Miller 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:
Verified
Correct Answer:
Verified
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