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John's Auto Repair just took out a $47,600, 5-year, 5.8 percent, interest-only loan from the bank. Payments are made annually. What is the amount of

John's Auto Repair just took out a $47,600, 5-year, 5.8 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 5?

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