A company borrowed $$100,000$ from a local bank. The loan requires $10$ equal annual payments beginning one year from today. Assume an interest rate of $8\%.$ What is the amount of each annual payment?

Note: Use tables, Excel, or a financial calculator. $($FV of $$1,$ PV of $$1,$ FVA of $$1,$ PVA of $$1,$ FVAD of $$1$ and PVAD of $$1)$

$\backslash$table$[[$Table$,$ Excel, or $c,,],[$Loan Amount:,,$],[,n=,],[,i=,],[$Loan Payment:,,$]]$