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A farmer wants to take out a loan to build a greenhouse. She would take out a $46,000 that would be fully amortized in 7
A farmer wants to take out a loan to build a greenhouse. She would take out a $46,000 that would be fully amortized in 7 years with an interest rate of 6%.
What would be the annual loan payment?
a)$5,480
b)$2,760
c)$8,240
d)$5,840
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