Present and future value tables of $1 at 3% are presented below: III N s1 w $1 m n n . 0.83748 6.4684 5.41719 . 5.57971 1. 22987 0. 81309 6.23028 6. 41719 1. 26677 0. 78941 7. 01969 7. 23028 n 16 1. 60471 60.2317 20.1569 12. 56110 20. 7616 12.93794 Micro Brewery borrows $300,000 to be repaid in equal installments over a period of three years. The loan payments are semiannual with the rst payment due in six months, and interest is at 6%. What is the amount of each payment