You took out an unusual loan for your new Corvette. The payments are $5,000 a year for 20 years at 10% interest beginning one year from today. Whenever you take out a loan the actual amount (the principal) you borrow is the present value of the loan payments. We know the loan payments, the interest rate and the number of annual payments so you can calculate the amount of the loan, the present value of the future payments. Show your work.