You want to borrow $$10,000\mathrm{.}00.$ You figure that you can make the following payments: If the interest rate on the loan is $8\mathrm{.}8\%$ per year, will your payments be enough to pay off the $$10,000\mathrm{.}00$ loan?

The present value of your payments is $$.($Round to the nearest cent.$)$

Data table

$($Click on the following icon $$ in order to copy its contents into a spreadsheet.$)$

$\backslash$table$[[$Year$,1,2,3,4],[$Payment$,$$$1,970,$$$2,860,$$$3,590,$$$3,796$