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11 1 points value: Erindale Bank offers you a $56,000, five-year term loan at 7.5 percent annual interest. What will your annual loan payment be?

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11 1 points value: Erindale Bank offers you a $56,000, five-year term loan at 7.5 percent annual interest. What will your annual loan payment be? (Do not round intermediate calculations. Round the final answer to 2 decimal places.) Annual loan payment

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