Find the amount of each payment of loan

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Reference no: EM1347806

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

Reference no: EM1347806

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