**Please use numbers given** Please answer both parts of question - thank you in advance!! :)

(Related to Checkpoint 6.1) (Loan amortization) On December 31, Beth Klemkosky bought a yacht for $90,000. She paid $20,000 down and agreed to pay the balance in 5 equal annual installments that include both the principal and 14 percent interest on the declining balance. How big will the annual payments be