Question: Miller borrows $ 3 6 0 , 0 0 0 to be paid off in four years. The loan payments are semiannual with the first

Miller borrows $360,000 to be paid off in four years. The loan payments are semiannual with the first payment due in six months, and interest is at 12%. What is the amount of each payment? (FV of $1, PV of $1, FVA of $1, and PVA of $1).(Use appropriate factor(s) from the tables provided.)
Multiple Choice
$57,973
$172,800
$70,655
$109,345
Miller borrows $360,000 to be paid off in four years. The

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