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a. If you borrow $2,600 and agree to repay the loan in six equal annual payments at an interest rate of 11%, what will your
a. If you borrow $2,600 and agree to repay the loan in six equal annual payments at an interest rate of 11%, what will your payment be? Note: Do not round intermediate calculations. Round your answer to 2 decimal places. b. What will your payment be if you make the first payment on the loan immediately instead of at the end of the first year? Note: Do not round intermediate calculations. Round your answer to 2 decimal places
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