Question: please help (Annuity payments) On December 31 , Son-Nan Chen borrowed $90,000, agreeing to repay this sum in 22 equal end-of-year instaliments that include both

please help please help (Annuity payments) On December 31 , Son-Nan Chen borrowed $90,000,

(Annuity payments) On December 31 , Son-Nan Chen borrowed $90,000, agreeing to repay this sum in 22 equal end-of-year instaliments that include both principal and 13 percent interest on the declining balance. How large will the annual payments be? The amount of each annual payment will be s (Round to the nearest cent)

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