How to solve You have a loan outstanding. It requires making eight annual payments Of $$7000$ each at the end of next eight years. Your bank has offered to allow you to skip making the next seven payments in lieu of making one large payment at the end of the loans term in $8$ years. if the interest rate on the loan is $6\%,$ what final payment will the bank require you to make so that it is indifferent to the two forms of payment?