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Dinero Bank offers you a $30,000, 6-year term loan at 7 percent annual interest. Required: What will your annual loan payment be? (Do not round

Dinero Bank offers you a $30,000, 6-year term loan at 7 percent annual interest.

Required:

What will your annual loan payment be? (Do not round your intermediate calculations.)

Choose from these answers:

$5,359.05

$6,293.87

$6,100.88

$6,489.46

$6,734.45

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