Willams Company borrowed $$600,000$ from a local bank to be repaid in $20$ equal semi$-$annual instalments, including both principal

and interest at an annual rate of $6$ percent. $($FV of $$1,$ PV of $$1,$ FVA of $$1,$ and PVA of $$1).($Use the appropriate factor$($s$)$ from the

tables provided. Round the final answers to the nearest dollar amount.$)$

Determine the amount of each instalment and the interest paid with the first instalment.