Now that your computer is updated, you decided to upgrade your ERP software for ninety six thousand dollars. You negotiated annual interest only payments and equal deposits into a ten year sinking fund. After $10$ years the proceeds of the sinking fund will be used to pay off the principal. Interest on You pay $14\mathrm{.}5\%$ compounded annually and interest earned on the sinking fund is $13\%$ compounded annually. What is the annual interest payment?

Question $8$ options:

d$.$ $$5211\mathrm{.}80$

a$.$ $$13,920\mathrm{.}00$

c$.$ $$19,131\mathrm{.}80$

e$.$ $$15,656\mathrm{.}42$

b$.$ $$12,480\mathrm{.}00$