Trent Corp. borrowed $$23,000$ from a local bank on January $1,2021$ by signing a three$-$year, $6\%$ interest installment note to be

three equal payments at the end of each year. $($FV of $$1,$ PV of $$1,$ FVA of $$1,$ PVA of $$1,$ FVAD of $$1$ and PVAD of $$1)($Use appr

factor$($s$)$ from the tables provided.$)$

Required:

Calculate the required annual installment payment. $($Round your final answer to the nearest whole dollar.$)$

Installment payment