A bank is negotiating a loan. The loan can either be paid off as a lump sum of

$ 90 comma 000$90,000

at the end of

sixsix

years, or as equal annual payments at the end of each of the next

sixsix

years. If the interest rate on the loan is

66%,

what annual payments should be made so that both forms of payment are equivalent?

A.

$ 12 comma 903$12,903

B.

$ 18 comma 064$18,064

C.

$ 20 comma 645$20,645

D.

$ 10 comma 322