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%
Correct Answer:
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