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Miller borrows $400,000 to be paid off in three years. The loan payments are semiannual with the first payment due in six months, and interest

Miller borrows $400,000 to be paid off in three years. The loan payments are semiannual with the first payment due in six months, and interest is at 10%. What is the amount of each payment? (EV of $1. PV of $1. FVA of $1, and PVA of $1). (Use appropriate factor(s) from the tables provided.) Multiple Choice $78.807 $120,000 $99,474 $100,526

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