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Miller borrows $310,000 to be paid off in three years. The loan payments are semiannual with the first payment due in six months, and interest

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Miller borrows $310,000 to be paid off in three years. The loan payments are semiannual with the first payment due in six months, and interest is at 8%. What is the amount of each payment? (FV of $1, PV of $1, FVA of $1, and PVA of $1). (Use appropriate factor(s) from the tables provided.) Multiple Choice $59,136 $74,400 $79,890 $75,110

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