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Pharoah, Inc. owes $33,600 to Ritter Company. How much would Pharoah have to pay each year if the debt is retired through four equal payments

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Pharoah, Inc. owes $33,600 to Ritter Company. How much would Pharoah 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 12% ? (Round factor values to 5 decimal places. e.g. 1.25124. Round answer to 2 decimal places, e.g. 5,275.24.) Click here to view factor tables. Amount paid each year

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