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Micro Brewery borrows $330,000 to be repaid in equal installments over a period of six years. The loan payments are semiannual with the first payment

Micro Brewery borrows $330,000 to be repaid in equal installments over a period of 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. $33,152.

b. $27,500.

c. $32,187.

d. $28,325.

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