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

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Accounting

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.
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