Homework: Chapter 4 Homework Question 12, P4-20 (similar to) Fully amortized loan (annual payments for principal and interest with the same amount each year). Chuck Poni has taked an elderly woman into lining him $20.000 for a new business venture She has fewever, succesty and a finance class and requires Chuck to sign a binding contract on repayment of the $20,000 with an annual interest rate of 12% over the next 15 years. Determine the cash f equal annual payments at the end of each year so that the final payment will completely retire the original $20,000 What is the amount of payment that the woman will receive at the end of years 1 through 157 (Round to the nearest cent) HW Score: 79,17%, 9.5 of 12 points O Point: 0 of 1 Save