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Brief Exercise 6-17 Leon Taylor is settling a $18,270 loan due today by making 6 equal annual payments of $4,827.61. What payments must Leon Taylor

Brief Exercise 6-17

Leon Taylor is settling a $18,270 loan due today by making 6 equal annual payments of $4,827.61. What payments must Leon Taylor make to settle the loan at the same interest rate but with the 6 payments beginning on the day the loan is signed? (Round factor values to 5 decimal places, e.g. 1.25124 and final answers to 0 decimal places, e.g. 458,581.)

Payments

$______?

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