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For example: Bank of Montreal offers you a $57,000, six-year term student loan at 8.0 percent annual interest. What will your annual loan payment be?

For example: Bank of Montreal offers you a $57,000, six-year term student loan at 8.0 percent annual interest. What will your annual loan payment be? a) $12,329.98 b) $11,320.98 c) $10,050 d) $13,800 e) None of the above

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