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4 Erndale Bank offers you a $45,000, five-year term loan at 7.5% annual interest. What will your annual loan payment be? (Do not round intermediate

4 Erndale Bank offers you a $45,000, five-year term loan at 7.5% annual interest. What will your annual loan payment be? (Do not round intermediate calculations. Round the final answer to 2 decimal places.) 8 00201 Annual loan payment

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