On December 31, Beth Klemkosky bought a yacht for $50,000. She paid $10,000 down and agreed to pay the balance in 10 equal annual installments that include both the principal and 7 percent interest on the declining balance. How big will the annual paymentsbe? If Beth agrees to pay the loan plus 7 percent compound interest on the unpaid balance over the next 10 years in 10 equal end-of-year payments, what will those equal payments be?