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A friend of yours would like you to lend him $5,000 today to be paid back in 5 annual payments. What would be the equal

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A friend of yours would like you to lend him $5,000 today to be paid back in 5 annual payments. What would be the equal annual end-of-year payment on this loan if you charge your friend 7% interest? $869.45 Select an answer and submit. For keyboard navigation, use the up/down arrow keys to select an answer. a $869.45 or $1,000.00 $1,219.51 d $1,350.00

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