A loan with a current value of 34,500 has a payment plan that starts with a high end of year payment that goes down by the same amount each year until the loan is paid off. Using an interest rate of 8.0% and the first year payment of 8200, calculated by how much the end of year payment will go down to pay off the loan after just 7 years. Note use the sign to show if the payment goes up or down as the plan may not