plz show work

If you borrow $40,000 at 9% annual compound interest and pay it back with 7 equat annual payments, what will be the size of each payment i the first payment occurs 1 year after borrowing the $40,000 $ Round your answer to 2 decimal places. The tolerance is 41. Click here to access the TVM Factor Table Calculator eTextbook and Media Suve for Later Attempts: 0 of 1 used Submit