Question: I need a solution and answer for this one. Thank you. 19. Kern Corporation borrowed $300,000 from the bank by signing a 5-year, 8% installment

I need a solution and answer for this one. Thank you.

19. Kern Corporation borrowed $300,000 from the bank by signing a 5-year, 8% installment note. The present value factor of $1 at 8% for 5 years is .6806. The present value factor of an annuity of $1 at 8% for 5 years is 3.9927. The annual payment is

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