payments include interest at $8\%.$ What is the required annual installment payment?

Note: Use zables, Excel, or a financial calculator $($EV of S$1.$ PV of S$1.$ EVA of S$1.$ PVA of SI$.$ EVAD of SI and PVAD of S$1]$

Multiple Choice

$$1994$

$$1,720$

$$1,466$

$$2\mathrm{.}154$