You have been eyeing your cousin's sports car for years. He informs you that he is planning to sell it on the last day of this year (2020) when he estimates that the car will be worth $40,000.Since you're family, he will lend you the money to buy the car and allow you to pay it back in 5 equal annual installments. However, this loan agreement comes with a 9% interest rate, compounded annually. In addition, he stipulates that each payment must be made on the 1stof every year beginning January 1, 2021. How much are your annual payments?