Payments. Sam Hinds, a local dentist, is going to remodel the dental reception area and add two new workstations. He has contacted A-Dec, and the new equipment and cabinetry will cost $18,000. A-Dec will finance the equipment purchase at 8% for 10 years. What will Hinds have to pay in annual payments for this equipment? What will Hinds have to pay in annual payments for this equipment? $ (Round to the nearest cent.)