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Kingsley Toyota borrowed $185,000 from a local bank. The loan requires Kingsley to pay 12 equal annual installments beginning one year from today. Assume an

Kingsley Toyota borrowed $185,000 from a local bank. The loan requires Kingsley to pay 12 equal annual installments beginning one year from today. Assume an interest rate of 9%. What is the amount of each annual installment payment?

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