Kingsley Toyota borrowed $150,000 from a local bank. The loan requires Kingsley to pay 20 equal annual installments beginning one year from today. Assume an interest rate of 6%. What is the amount of each annual installment payment? (FV of $1, PV of $1, FVA of $1, PVA of $1, FVAD of $1 and PVAD of $1) (Use appropriate factor(s) from the tables provided.) (Round your final answers to nearest whole dollar amount.)

Table or calculator function:	PVA of $1
Loan Amount:	$150,000
n =	20
i =
Loan Payment: