Fully amortized loan $($annual payments for principal and interest with the same amount each year$).$ Chuck Ponzi has talked an elderly woman into loaning him $$20,000$ for a new business venture. She has, however, successfully passed a finance class and requires Chuck to sign a binding contract on repayment of the $$20,000$ with an annual interest rate of $6\%$ over the next $20$ years. Determine the cash flow to the woman under a fully amortized loan, in which Ponzi will make equal annual payments at the end of each year so that the final payment will completely retire the original $$20,000$ loan.

What is the amount of payment that the woman will receive at the end of years $1$ through $20?$

$ $($Round to the nearest cent.$)$

$/1)$

$(1)$

$(0/1)$