Brief Exercise 6-17

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Newman Taylor is settling a $20,280 loan due today by making 6 equal annual payments of $4,656.44.

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What payments must Newman Taylor make to settle the loan at an interest rate of 10%, 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.)