Today, you loaned $400,000 at an interest rate of 4.75% per year. If the borrower makes 10 annual payments of equal amounts to repay the loan, what amount should you expect to receive from the borrower each year? Do not round intermediate calculations. Round the final answer to 2 decimal places. Omit any commas and the $ sign in your response. For example, an answer of $1,000.50 should be entered as 1000.50