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Jason takes out a loan of $3000 to buy a car at an effective annual rate of interest of 6%. He repays the loan by

Jason takes out a loan of $3000 to buy a car at an effective annual rate of interest of 6%. He repays the loan by making level annual payments at the end of each year for 10 years, using the amortization method. Find the amount of Jasons annual payment.

A 403.6

B 404.6

C 405.6

D 406.6

E 407.6

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