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Morgan Taylor is settling a $20,370 loan due today by making 6 equal annual payments of $4,954.50. Click here to view factor tables. What payments

Morgan Taylor is settling a $20,370 loan due today by making 6 equal annual payments of $4,954.50. Click here to view factor tables. What payments must Morgan Taylor make to settle the loan at an interest rate of 12%, but with the 6 payments beginning on the day the loan is signed? (Round factor values to 5 decimal places, eg. 1.25124 and final answer to 0 decimal places, eg. 458,581) Payments

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