Large semitrailer trucks cost $110,000 each. Ace Trucking buys such a truck and agrees to pay for it by a loan that will be amortized with 9...

Large semitrailer trucks cost $110,000 each. Ace Trucking buys such a truck and agrees to

pay for it by a loan that will be amortized with 9 semiannual payments at 8% compounded

semiannually. What will be amount of each payment?