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Use the following to answer questions
Present and future value tables of $1 at 3% are presented below:
Use the following to answer questions  Present and future value tables of $1 at 3% are presented below:    -Micro Brewery borrows $300,000 to be paid off in three 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? A) $ 55,379. B) $106,059. C) $ 30,138. D) $ 60,276.
-Micro Brewery borrows $300,000 to be paid off in three 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?

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Definitions:

Utility

A measure of satisfaction, usefulness, or value that an individual obtains from consuming a good or service.

Avocado

A fruit with a creamy texture that grows in warm climates, rich in monounsaturated fats and nutrients.

Crab Dip

A savory spread or appetizer made primarily from crab meat mixed with cream cheese, herbs, and spices.

Crackers

A dry, thin baked food typically made from flour and seasoned.

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