Payments needed?
Zach Taylor is settling a $27,000 loan due today by making 6 equal annual payments of $6018.83.
What payments must Zach Taylor make to settle the loan at the interest rate of 9%, but with the 6 payments beginning on the day the loan is signed?(Round answer to 2 decimal places, e.g. 2,250.25. Hint: Use tables in text.)