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Present and future value tables of $1 at 3% are presented below: FVA $1 FVAD $1 1.0300 2.0909 31836 PVAD $ 1.00000 1.97087 2.91347 3.82861

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Present and future value tables of $1 at 3% are presented below: FVA $1 FVAD $1 1.0300 2.0909 31836 PVAD $ 1.00000 1.97087 2.91347 3.82861 4.71710 5.57971 6.41719 7.23028 8.01969 8.78611 9.53020 10.25262 0.95400 11.63496 12.29607 12.93794 1.0000 .03000 1.06090 1.09273 0.97087 0.94260 0.97087 2 3 4 2.82861 0.88849 0.86261 0.83748 0.81309 0.78941 0.76642 0.74409 0.72242 4.1836 5.3091 6.4684 76625 5.4684 6.6625 7.8923 1.15927 119405 1.22987 1.26677 1.30477 1.34392 1.38423 1.42576 1.46853 1.51259 1.55797 1.60471 4.57971 5.41719 6.23028 7.01969 7.78611 8.53020 9.25262 9.95400 10.63496 11.29607 11.93794 12.56110 6 8 11.4639 12.8078 14.1920 15.6178 17.0863 18.5989 20.1569 10.4639 11.8078 13.1920 14.6178 6.0863 17.5989 19.1569 12 13 0.68095 0.66112 0.64186 0.62317 16 Rosie's Florist borrows $370,000 to be paid off in 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? O $53,709 O $52.709 $55,507 O $53,464

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