Answer:
Ans. The annual payment to repay the loan at 6% annual, for 4 years is $5,771.83
Step-by-step explanation:
Hi, in order to find the annual payment o the loan, we need to use the following equation and solve for "A".

Where:
Present Value = Money loaned (in this case, $20,000)
A= Annual payments
r= interest rate (in our case, annual)
n = Number of periodic payments (4 payments, 1 each year)
Everything should look like this.





Best of luck.