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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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