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Erindale Bank offers you a $55,000, four-year term loan at 7.0% annual interest. What will your annual loan payment be? (Do not round intermediate calculations.

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Erindale Bank offers you a $55,000, four-year term loan at 7.0% 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 $0

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