DigiKey Inc. took out a loan the for their new venture $150,000 in cash, with principal payable at the rate of $15,000 per year over ten years and interest payable at a rate of 5.5% on the outstanding balance as of the beginning of the loans year. The loan agreement was signed on March 31, 2020, and provided that both principal and interest would be paid only once a year on March 31.

Calculate payment for Match 2021.