If you borrow $7,500 with an interest rate of 7 percent to be repaid in six equal payments at the end of the next 6 years, what would be the amount of each payment? Use Exhibit 1-D. (Round your PVA factor to 3 decimal places and final answer to 2 decimal places.) Amount of each payment 115 12% 10% 0.900 2.487 0.001 1713 2.444 3.102 3.69 3037 3.805 3.791 5.146 5.750 10 5.380 Exhibit 1 - Present Value of $1 Received at the End of Each Period for a Given Number of Time Periods (an Annuky) Period 15 2% 35 5 75 9% 0:30 0:31 0.952 0.017 1942 1.800 1.763 1.750 3 2.041 2.129 2.775 2723 2.673 2.024 257 2.531 3,902 3.800 3717 3546 3.387 3.312 5 4.713 458 4212 5.796 5.417 5076 4917 4767 7 8.472 6.23 8.002 5.730 5.330 5208 5.033 8 7.62 T02 6463 821 5971 5.747 8.162 7.780 7.100 8.302 6.515 6247 5.995 9.471 853 6.TI 6.418 11 10.368 9.787 8.76 5.306 7887 7.490 7.139 12 10575 9.54 8883 T. 943 7.161 13 12.134 11.348 10.635 7.304 13.004 12.06 11.96 9899 8745 7.788 15 13.05 12.349 11.110 10.30 9.712 9.100 8.000 16 14718 1358 12.581 11652 10838 10.106 9447 8313 17 15.502 13.106 10.ATT 18 16398 13 754 1005 9.312 8758 19 17.226 15.670 11.158 10.336 9.504 18048 18.35 12 462 1147 1054 9818 9.129 22.023 19523 14.094 12.00 11.654 10.65 30 28.808 22:30 196 15372 12.409 10274 27355 23.115 19.90 17.159 15.046 11.925 10.757 50 31.44 2573 2140 18.250 15. 13801 12233 10.902 8.148 6.405 6814 7.103 8.492 6.194 14 736 6.92 7606 7.191 7375 6974 12:06 7.12 8201 7.540 7.702 7.330 TS 7.366 8514 9.OTT : 7.345 8.055 3.244 8.304 8694 3.361 9.042 3.79 9915 Period 13% 15% 165 18% 19% 50% 175 0.855 20% 0.833 30% 6789 35% 0.741 1 0885 0.877 2 1650 1.620 1.606 1.520 144 1.361 1.200 1224 1111 3 2.246 2100 1.952 1.656 1589 2322 2914 221 2.743 4 27 2.174 2.00 3127 2.14 2.632 3050 2.500 2.866 3.352 2.362 1849 2.100 2.430 5 3517 2991 2.22 1.737 2.600 2.961 3.161 2035 2.180 6 2640 2.02 4078 2.925 3.119 9 4.907 4031 3.463 1948 5.132 5429 4.946 5.216 5.453 4.772 6.019 10 3.571 2331 2.379 2.414 2.438 2.450 11 5687 4956 4790 1.977 1.96 12 4811 5.197 5.34 40 4533 3147 3.19 3.220 3.728 3.78 5.842 4715 5.998 6.122 8302 6462 5.421 5.500 6.724 5.847 2.366 2.50 2.568 2.666 2.715 2.752 2.779 2.790 2014 2.825 2.04 284 2.44 2.848 2.66 2.856 14 2.478 1995 15 6.142 5.118 5229 5.324 505 5.478 5.575 4675 16 17 3.250 3280 3.295 3.304 6.72 6.373 5.79 5.000 5.092 5.12 5222 5.273 5.116 5.353 5.657 4.59 391 3.98 8.128 6.199 4775 4812 4500 5.818 5.877 5.929 2.492 2.44 2.49 2.497 7025 5.628 3.564 3.318 5.101 5.195 25 6.873 6.464 5.766 4948 2.499 2 7.490 7.003 6.560 5.517 5235 4979 2.867 25 2 40 7.634 7.105 6.642 5.871 5548 5258 2.857 25 2 50 7675 7.139 8.246 588 5.554 4 3333 25 2