Payments. Sam Hinds, a local dentist, is going to remodel the dental roception area and add two new workstations. He has contacted A.Dec, and the new equipment and cabinetry will cost $24,000. A.Dec will finance the equipment purchase at 9% for 9 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.)