You plan to borrow $193,000 now and repay it in 22 equal annual installments (payments will be made at the end of each year). If the annual interest rate is 14%, how much will your annual payments be? $8.860.63 $25,107.47 $10,805.64 $28,622.51 $34,919.46

You plan to borrow $193,000 now and repay it in 22 equal annual installments (payments will be made at the end of each year). If the annual interest rate is 14%, how much will your annual payments be? $8,860.63 $25,107.47 $10,805.64 $28,622.51 $34,919.46