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Problem 1-13 (LO1.3) If you borrow $15,000 with a 8 percent to be repaid in six equal payments at the five equal payments at the

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Problem 1-13 (LO1.3) If you borrow $15,000 with a 8 percent to be repaid in six equal payments at the five equal payments at the end of the next 5 years. what would be the amount of each payment? Use Exhibit 1-D (Round your PVA factor to 3 decimal places and final answer to 2 decimal places.) Amount ol each payment

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