Present and future value tables of $1 at 3% are presented below: N FV $1 PV...

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Present and future value tables of $1 at 3% are presented below: N FV $1 PV $1 FVA $1 PVA $1 FVAD $1 PVAD $1 1 1.03000 0.97087 1.0000 0.97087 1.0300 1.00000 2 1.06090 0.94260 2.0300 1.91347 2.0909 1.97087 3 1.09273 0.91514 3.0909 2.82861 3.1836 2.91347 4 1.12551 0.88849 4.1836 3.71710 4.3091 3.82861 5 1.15927 0.86261 5.3091 4.57971 5.4684 4.71710 6 1.19405 0.83748 6.4684 7 1.22987 0.81309 7.6625 8 1.26677 0.78941 5.41719 6.23028 8.8923 7.01969 9 1.30477 0.76642 10.1591 7.78611 6.6625 5.57971 7.8923 6.41719 9.1591 7.23028 10.4639 8.01969 10 1.34392 0.74409 11.4639 8.53020 11.8078 8.78611 11 1.38423 0.72242 12.8078 9.25262 13.1920 9.53020 12 1.42576 0.70138 13 1.46853 0.68095 14 1.51259 0.66112 15 1.55797 0.64186 16 1.68471 8.62317 14.1920 9.95400 15.6178 10.63496 17.0863 11.29607 18.5989 11.93794 20.1569 12.56110 14.6178 16.0863 10.95400 17.5989 11.63496 19.1569 12.29607 20.7616 12.93794 10.25262 Spielberg Inc. borrows $330,000 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? Multiple Choice Present and future value tables of $1 at 3% are presented below: N FV $1 PV $1 FVA $1 PVA $1 FVAD $1 PVAD $1 1 1.03000 0.97087 1.0000 0.97087 1.0300 1.00000 2 1.06090 0.94260 2.0300 1.91347 2.0909 1.97087 3 1.09273 0.91514 3.0909 2.82861 3.1836 2.91347 4 1.12551 0.88849 4.1836 3.71710 4.3091 3.82861 5 1.15927 0.86261 5.3091 4.57971 5.4684 4.71710 6 1.19405 0.83748 6.4684 7 1.22987 0.81309 7.6625 8 1.26677 0.78941 5.41719 6.23028 8.8923 7.01969 9 1.30477 0.76642 10.1591 7.78611 6.6625 5.57971 7.8923 6.41719 9.1591 7.23028 10.4639 8.01969 10 1.34392 0.74409 11.4639 8.53020 11.8078 8.78611 11 1.38423 0.72242 12.8078 9.25262 13.1920 9.53020 12 1.42576 0.70138 13 1.46853 0.68095 14 1.51259 0.66112 15 1.55797 0.64186 16 1.68471 8.62317 14.1920 9.95400 15.6178 10.63496 17.0863 11.29607 18.5989 11.93794 20.1569 12.56110 14.6178 16.0863 10.95400 17.5989 11.63496 19.1569 12.29607 20.7616 12.93794 10.25262 Spielberg Inc. borrows $330,000 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? Multiple Choice