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Gardens Plus Landscaping Limited needs to borrow $300,000 for a new Caterpillar dirt loader. Republican Bank is willing to loan the funds at 8.5% interest

Gardens Plus Landscaping Limited needs to borrow $300,000 for a new Caterpillar dirt loader. Republican Bank is willing to loan the funds at 8.5% interest with annual payments at the end of the year for the next ten years. 



What is the annual payment on this loan for Gardens Plus?

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