19 17.226 15.0/65 2018.0456 16.3514 14.8775 13.5903 12.4622 11.4699 10.594 9.8181 9.1285 8.5136 7.9633 7.4694 25 22.0232 19.5235 17.4131 15.6221 14.0939 12.7834 11.6536 10.6748 9.8226 19.077 8.4217 7.8431 30 25.8077 22.3965 19.6004 17.292 15.3725 13.7648 12.409 11.2578 10.2737 9.4269 8.6938 8.0552 35 29.4086 24.9986 21.4872 18.6646 16.3742 14.4982 12.9477 11.6546 10.5668 9.6442 8.8552 8.1755 40 32.8347 27.3555 23.1148 19.7928 17.1591 15.0463 13.3317 11.9246 10.7574 9.7791 8.9511 8.2438 On January 1, 2020, Nobleford Inc., borrowed $300,000 from the bank by signing a 6-year installment note bearing interest at 3%. The terms of the note require equal payments at the end of each year for 6 years. Required: Calculate the amount of the annual installment payment