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Micro Brewery borrows $300,000 to be paid off in 3 years. The loan payments are semiannual, with the first payment due in 6 months, and

Micro Brewery borrows $300,000 to be paid off in 3 years. The loan payments are semiannual, with the first payment due in 6 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

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