A five-year $105,000 term loan has an interest rate of 8 percent on the declining balance. What are the equal annual payments required to pay interest and principal on the loan? Construct a table showing the declining balance owed after each payment. Use Appendix D to answer the question. Round your answers to the nearest cent. Do not leave any cells blank. If the answer is zero, enter " 0 ". Do not round intermediate calculations. The annual payment: \$