Question: A company borrowed $ 1 9 0 , 0 0 0 from a local bank. The loan requires 1 4 equal annual payments beginning one

A company borrowed $190,000 from a local bank. The loan requires 14 equal annual payments beginning one year from today. Assume an interest rate of 7%. What is the amount of each annual payment?
Note: Use tables, Excel, or a financial calculator. Round your final answer to nearest whole dollar amount. (FV of $1, PV of $1, FVA of $1, PVA of $1, FVAD of $1 and PVAD of $1)
\table[[Table, Excel, or calculator function:,,],[Loan Amount:,,],[,n=,],[,i=,],[Loan Payment:,,]]
A company borrowed $ 1 9 0 , 0 0 0 from a local

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