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Assume you take out an $8,000 car loan that calls for 48 monthly payments of $240 each. a. Calculate the annual payment if the loan

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Assume you take out an $8,000 car loan that calls for 48 monthly payments of $240 each. a. Calculate the annual payment if the loan is repaid in four annual year-end installments. (Do not round intermediate calculations. Round your answer to 2 decimal places.) Annual payment

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