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On January 2, 2020, Bridgeport Company borrowed $174,000 from Lyon Country Bank. The terms of the loan agreement specified 4 equal annual payments at 4%

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On January 2, 2020, Bridgeport Company borrowed $174,000 from Lyon Country Bank. The terms of the loan agreement specified 4 equal annual payments at 4% annual interest. Click here to view factor tables Compute the amount of each of these payments, assuming they begin on December 31,2020 , (Round factor values to 5 decimal piaces, c8. 1.25124 and final answer to 0 decimal places, es. 458.581.) Periodic payments

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