Interest-only loan (regular interest payments each year and principal at maturity).Chuck Ponzi has talked an elderly woman into loaning him $40,000 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 $40,000 with an annual interest rate of 8% over the next 10 years. Determine the cash flow to the woman under an interest-only loan, in which Ponzi will pay the annual interest expense each year and pay the principal back at the end of the contract. Question content area bottom Part 1 What is the amount of payment that the woman will receive at the end of years 1 through 9? $enter your response here(Round to the nearest dollar.)