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Pearl, Inc. owes $39,200 to Ritter Company. How much would Pearl have to pay each year if the debt is retired through four equal payments

Pearl, Inc. owes $39,200 to Ritter Company. How much would Pearl have to pay each year if the debt is retired through four equal payments (made at the end of the year), given an interest rate on the debt of 11%? (Round factor values to 5 decimal places, e.g. 1.25124. Round answers to the nearest whole dollar, e.g. 5,275.) Click here to view factor tables

Amount paid each year $

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