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22-04-2024
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Miller borrows $330,000 to be paid off in three years. The loan payments are semiannual with the first payment due in six months, and interest is at 12%. What is the amount of each payment? Use Appendix D. (Round "PV Factor" to 5 decimal places and final answer to the nearest dollar amount)
A. $67,110
B. $118,800
C. $79,260
D. $85,740

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