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John's Auto Repair just took out a $52,000, 10-year, 8%, FIXED-PRINCIPAL PAYMENT load from the bank. Payments are made annually. What is the amount of
John's Auto Repair just took out a $52,000, 10-year, 8%, FIXED-PRINCIPAL PAYMENT load from the bank. Payments are made annually. What is the amount of the loan payment in year 5?
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