A loan of $100,000 is to be repaid by twenty equal quarterly payments including principal and interest at a nominal inte

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A loan of $100,000 is to be repaid by twenty equal
quarterly payments including principal and interest at a nominal
interest rate of 6% per year compounded semiannually.
The first payment is at the end of the first quarter. What is
the size of each payment?
A < $5,790
B ≥ $5,790 but < $5,800
C ≥ $5,800 but < $5,810
D ≥ $5,810 but < $5,820
E ≥ $5,820