Miller borrows $400,000 to be paid off in three years. The loan payments are semiannual with the first payment due in six months, and interest is at 12%. What is the amount of each payment? Note: Use tables, Excel, or a financial calculator. Round your final answer to the nearest whole dollar. (FV of $1, PV of $1, FVA of $1, and PVA of $1).

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Miller borrows $400,000 to be paid off in three years. The loan payments are semiannual with the first payment due in six months, and interest is at 12%. What is the amount of each payment? Note: Use tables, Excel, or a financial calculator. Round your final answer to the nearest whole dollar. (FV of  $1, PV of $1, FVA of  $1, and PVA of  $1).

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