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2) Simon borrowed $22,000 on September 1, 2020 at d=7%. He plans to repay the loan with 5 level annual payments with the first payment

2) Simon borrowed $22,000 on September 1, 2020 at d=7%. He plans to repay the loan with 5 level annual payments with the first payment on May 31, 2022. Find his annual loan payment. (5 points)

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