You want to borrow $10,000. You figure that you can make the following payments. If the interest rate on the loan is 8% per year, will your payments be enough to pay off the $10,000 loan? Year Payment (Select from the drop-down menus.) The present value of your payments is 1 $1,800 2 $3,140 SLIDE the amount of the loan, so you 3 $3,340 be able to pay off the loan. $3,871