Fully amortized loan (annual payments for principal and interest with the same amount each year). Chuck Ponzi has talked an elderty woman into loaning him $50,000 for a new business venture. She has, however, successhilly passed a finance class and requires Chuck to sign a binding contract on repayment of the $50,000 with an aninual interest rate of 8% over the next 15 years. Determine the cash flow to the woman under a fully amortized loan, in which Pondi wil make equal annual poyments at the end of esch year so that the final payment will completely retire the original $50,000 loan. What is the amount of payment that the woman will receive at the end of years 1 through 15 ? (Round to the nearest cent.) PMT=r1[1/(1+r)n]PV