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Kingsley Toyota borrowed $165,000 from a local bank. The loan requires Kingsley to pay 8 equal annual installments beginning one year from today. Assume an

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Kingsley Toyota borrowed $165,000 from a local bank. The loan requires Kingsley to pay 8 equal annual installments beginning one year from today. Assume an interest rate of 9% What is the amount of each annual installment payment? (FV0C 51. PV of $1. EVA of $1. PVA of S1, EVAD of S1 and PVAD OS1) (Une appropriate factor(s) from the tables provided.) (Round your final answers to nearest whole dollar amount.) PVA of 1 Table or calculator function Loan Amount 165 000 99 Loan Payment

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