$10,000$exp$(-0\mathrm{.}105)=6,065$

$22.$The Moreau Bar and Grill has a seven$-$year loan in the amount of USD $25,000$ with Bank of America.

It plans to repay the loan in $7$ equal installments made at the end of each year. If the rate of interest is $8$

percent, how much will each payment be$?$

$4,802($with margin: $2)$

$N=7$

$\frac{\text{I}}{Y}=8$

$PV=25,000$

$PMT=??=4,802$

$FV=0$