Fully amortized loan(annual payments for principal and interest with the same amount eachyear). Chuck Ponzi has talked an elderly woman into loaning him $25,000 for a new business venture. Shehas, however, successfully passed a finance class and requires Chuck to sign a binding contract on repayment of the $25,000 with an annual interest rate of 6% over the next 15 years. Determine the cash flow to the woman under a fully amortizedloan, in which Ponzi will make equal annual payments at the end of each year so that the final payment will completely retire the original $25,000