Present and future value tables of $1 at 3% are presented below: N 1 FVA $1 1.0000 2.0300 FV $1 1.03000 1.06090 1.09273 1.12551 1.15927 1.19405 PV $1 0.97087 0.94260 0.91514 0.88849 0.86261 FVAD $1 1.0300 2.0909 3.1836 2 PVAD $1 1.00000 1.97087 2.91347 3 3.0909 4 4.3091 5 PVA $1 0.97087 1.91347 2.82861 3.71710 4.57971 5.41719 6.23028 7.01969 7.78611 8.53020 9.25262 6 0.83748 7 ma 1.22987 1.26677 1.30477 1.34392 1.38423 1.42576 1.46853 0.81309 0.78941 0.76642 0.74409 0.72242 4.1836 5.3091 6.4684 7.6625 8.8923 10.1591 11.4639 12.8078 14.1920 15.6178 17.0863 18.5989 20.1569 3.82861 4.71710 5.57971 6.41719 7.23028 8.01969 8.78611 9.53020 5.4684 6.6625 7.8923 9.1591 10.4639 11.8078 13.1920 14.6178 16.0863 17.5989 10 11 12 0.70138 0.68095 13 9.95400 10.63496 11.29607 14 1.51259 0.66112 10.25262 10.95400 11.63496 12.29607 12.93794 15 11.93794 1.55797 1.60471 0.64186 0.62317 19.1569 20.7616 16 12.56110 Rosie's Florist borrows $320,000 to be paid off in two 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