Dan payment Determine the equal, annual, end-of-year payment required each year over the life of the loan shown in the following table to pay it fully during the stated term of the loan. (Click on the icon here in order to copy the contents of the data table below into a preadsheet.) Term of loan (years) Principal $31,000 Interest rate 13% 3 Ca the amount of the equal, annual, end-of-year payment, CF, is $ (Round to the nearest cent.)