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After Shipra got a job, the first thing she bought was a car. She took out a loan for $30,000, with zero down payment. She
After Shipra got a job, the first thing she bought was a car. She took out a loan for $30,000, with zero down payment. She agreed to pay off the loan by making annual payments for the next four years at the end of each year. Her bank is charging her an interest rate of 7%. You are helping Shipra figure out her annual payments to pay off her loan. Calculate the annual payment and complete the following loan amortization table
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