Present and future value tables of $1 at 3% are presented below: N FV $1 PV $1 FVA $1 1 1.03000 0.97087 2 1.06090 0.94260 3 1.09273 0.91514 3.0909 PVA $1 1.0000 0.97087 2.0300 1.91347 2.82861 5 4 1.12551 0.88849 1.15927 0.86261 6 1.19405 0.83748 7 1.22987 0.81309 4.1836 3.71710 FVAD $1 PVAD $1 1.0300 1.00000 2.0909 1.97087 3.1836 2.91347 4.3091 3.82861 5.3091 4.57971 6.4684 5.41719 5.4684 4.71710 6.6625 5.57971 7.6625 6.23028 7.8923 6.41719 8 1.26677 0.78941 9 1.30477 0.76642 10 1.34392 0.74409 11 1.38423 0.72242 12 1.42576 0.70138 13 1.46853 0.68095 14 1.51259 0.66112 8.8923 7.01969 9.1591 7.23028 10.1591 11.4639 12.8078 14.1920 9.95400 15.6178 10.63496 17.0863 11.29607 7.78611 10.4639 8.01969 8.53020 11.8078 8.78611 9.25262 13.1920. 9.53020 14.6178 10.25262 16.0863 10.95400 17.5989 11.63496 15 1.55797 0.64186 18.5989 11.93794 19.1569 12.29607 16 1.60471 0.62317 20.1569 12.56110 20.7616 12.93794 Spielberg Inc. borrows $410,000 to be paid off in eight 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?