XYZ Industry has loaned BD 660,000 to buy the needed machines. The loan holds an interest rate of 6% per year and is to be returned in equal payments over the next eight years. calculate the amount of the annual installment. In relation to previous givens, An opinion has been given by one of the managers to negotiate with the bank to defer the first loan payment until the end of year 3 and it would be paid in 7 equal installments at 6% interest). If the bank wishes to earn the same profit, what should be the annual payment