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(1 point) A business borrows 56000 dollars at an effective rate of interest of 8.8 percent. The loan is to be repaid with 13 equal

(1 point) A business borrows 56000 dollars at an effective rate of interest of 8.8 percent. The loan is to be repaid with 13 equal annual payments, the first coming a year from now. How much is each annual payment? Answer = dollars

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