Rosario's Florist borrows $300,000 to be paid off in six years. The loan payments are annual with the first payment due in one year, and annual interest rate is at 6%. What is the amount of each payment? Present Value of Ordinary Annuity of Present Value of Annuity Due of $1 $1 Period 346 4% 0% 316 4% on 4 3.71710 3.62990 3.46511 331213 3.82061 3.77509 3.67301 3.57710 5 457971 445182 421236 3.99271 4.71710 462990 4.46511 431213 " 541719 524214 4.91732 T 623028 5.38238 600205 4622 520637 3.37971 521236 5.45182 499271 624214 591732 641719 5.62288 561,009 $71,219 $50,613 $57,556