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Miller borrows $360,000 to be paid off in three years. The loan payments are semiannual with the first payment due in six months, and interest
Miller borrows $360,000 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? (EV of $1, PV of $1. EVA of $1, and PVA of $1). (Use appropriate factor(s) from the tables provided.) Multiple Choice $68,674 $86,400 $92,775 $87,225
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