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Annual Loan Payment Question... Dinero Bank offers you a five-year loan for $70,000 at an annual interest rate of 8.75 percent. What will your annual

Annual Loan Payment Question...

Dinero Bank offers you a five-year loan for $70,000 at an annual interest rate of 8.75 percent. What will your annual loan payment be? (Do not round intermediate calculations and round your final answer to 2 decimal places, e.g., 32.16.)

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