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13 Prescott Bank offers you a $32,000, 5-year term loan at 8 percent annual interest. What will your annual loan payment be? Multiple Choice $8,014.61

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13 Prescott Bank offers you a $32,000, 5-year term loan at 8 percent annual interest. What will your annual loan payment be? Multiple Choice $8,014.61 $4,93610 $7,804.50 S8,575.63 $8,226.96

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