Draw the cash flow diagram for each problem and use interest rate with five decimal places. A person needs $20,000 immediately as a down payment on a new home. Suppose that she can borrow this money...

Extracted text: Draw the cash flow diagram for each problem and use interest rate with five decimal places. A person needs $20,000 immediately as a down payment on a new home. Suppose that she can borrow this money from her company credit union. She will be required to repay the loan in equal payments made every six months over the next 10 years. The annual interest rate being charged is 10% compounded bimonthly. What is the amount of each payment?