Question $20$

Tim Dodson has borrowed $$9,000$ to pay for his new car. The annual interest rate on the

loan is $7$ percent, and the loan needs to be repaid in four payments. What will be his annual

payment if he begins his payment beginning now? $($Round to the nearest dollar.$)$

$$2,241$

$$2,373$

$$2,448$

$$2,483$