solve for part B, the answer for A being $63403.4

Aloan is taken to purchase experimental supplies for development of a personal device that can be used to obtain dean water from many common contaminated sources. The loan is for $210,000 and is to be paid back in equal annual amounts over a period of 4 years at an annual rate of 8%. Parta Your answer is correct. What is the equal annual amount to be paid? Click here to access the TVM Factor Table calculator. Since income is projected to be slow in the earlier years, it is proposed to pay back the loan starting with only $40,000 in year 1 and increasing the payment by an equal amount $G each year for years 2,3 , and 4 . What is the value of $G that makes these payments equivalent to the equal annual amounts? Click here to access the TVM Factor Table calculator