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George and Georgia borrow $300,000 to start a business. The $300,000 is to be paid off in installments over the next six years.

George and Georgia borrow $300,000 to start a business. The $300,000 is to be paid off in installments over the next six years. The loan payments are semiannual with the first payment due in six months, and interest is calculated at 6% (annual percentage). What is the amount of each payment

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