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Consider a 4 - year auto loan of $ 1 0 0 , 0 0 0 at 6 % APR. This loan requires 4 equal

Consider a 4-year auto loan of $100,000 at 6% APR. This loan requires 4 equal annual payments, with the first payment due at the end of the first year.a. Show that the annual payment is $28,859.15.

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