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Chancellot Linited sells an asset wits a $13 milion fain value to Sophie Incorporated Sophie aglees to make sox equal payments, each to be paid

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Chancellot Linited sells an asset wits a \$13 milion fain value to Sophie Incorporated Sophie aglees to make sox equal payments, each to be paid one year apart commencing on the date of saie. Eoch payment includes peincipal and 6% annuat interest. What is the amount of each annual payment? Note: Use tobles, Ekcel, or o financiol coleulator. Round your finol onswer to the nearest whole dollor, (EV ofS1, eV of SI, EVA of Si. PVA of S1, EVAD. ofS1 and PYAD of S1])

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