Determining Asset Cost When Paying with Cash and Notes Payable three equal payments. The purchase occurs on January $1,$ and the three payments occur on each December $31$ thereafter.

Required

Round answer to the nearest whole dollar.

Do not use negative signs with your answers.

$\backslash$table$[[$Compute the amount of each annual payment.,$$,0],[$What does Ked record for the cost of equipment?,$$,0],[$What total amount of interest was paid?,,$]]$