The chief finance officer of your township reminded the township board of a loan that they have to pay off in 7 years. The amount needed to pay off the loan in 7 years is $171,908.70. The officer recommended that the township should prepare for the payoff by setting aside annual payments into a fund paying 2.4%. How much should each payment be? $23,982.80 $22,846.07 $25,147.79 $22,310,62 The chief finance officer of your township reminded the township board of a loan that they have to pay off in 7 years. The amount needed to pay off the loan in 7 years is $171,908.70. The officer recommended that the township should prepare for the payoff by setting aside annual payments into a fund paying 2.4%. How much should each payment be? $23,982.80 $22,846.07 $25,147.79 $22,310,62