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Erindale Bank offers you a $44,000, six-year term loan at 8.0% annual interest. What will your annual loan payment be? (Do not round intermediate calculations.

Erindale Bank offers you a $44,000, six-year term loan at 8.0% annual interest. What will your annual loan payment be? (Do not round intermediate calculations. Round the final answer to 2 decimal places.)

Annual loan payment $

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