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Dinero Bank offers you a $38,000, 10-year term loan at 8 percent annual interest. Required: What will your annual loan payment be? (Do not round

Dinero Bank offers you a $38,000, 10-year term loan at 8 percent annual interest.

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

rev: 09_17_2012

$6,059.54
$5,410.35
$5,921.16
$5,663.12
$7,107.87

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