Present and future value tables of $1 at 3% are presented below. Saved Help Save & Exit Subm N FV $1 1 1.03000 PV $1 FVA $1 0.97087 PVA $1 FVAD $1 PVAD $1 1.0000 0.97087 1.0300 1.00000 234 1.06090 0.94260 2.0300 1.91347 2.0909 1.97087 1.09273 0.91514 3.0909 1.12551 0.88849 4.1836 2.82861 3.71710 5 1.15927 0.86261 5.3091 4.57971 6 1.19405 0.83748 7 1.22987 0.81309 7.6625 8 1.26677 0.78941) 8.8923 9 10.1591 11.4639 2.91347 4.3091 3.82861 5.4684 4.71710 6.4684 5.41719 6.6625 5.57971 6.23028 7.8923 6.41719 7.01969 9.1591 7.23028 7.78611 10.4639 8.01969 8.53020 11.8078 8.78611 3.1836 13.1920 9.53020 14.6178 10.25262 16.0863 10.95400 17.5989 11.63496 19.1569 12.29607 1.30477 0.76642 10 1.34392 0.74409 11 1.38423 0.72242 12.8078 9.25262 12 1.42576 0.70138 14.1920 9.95400 13 1.46853 0.68095 15.6178 10.63496 14 1.51259 0.66112 17.0863 11.29607 15 1.55797 0.64186 18.5989 11.93794 16 1.60471 0.62317 20.1569 12.56110 20.7616 12.93794 Bremen Company borrows $270,000 to be repaid in equal installments over a period of four 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?