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John's Auto Repair just took out a $34,000,7-year, 4.7 percent, interest-only loan from the bank. Payments are made annually. What is the amount of the

John's Auto Repair just took out a $34,000,7-year, 4.7 percent, interest-only loan from the bank. Payments are made annually. What is the amount of the loan payment in year 5 ? $ What is the amount of the loan payment in year 7

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