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Kyle purchased a car today at a price of $9,500. He paid $500 down in cash and financed the balance for 5 years at 6.00

Kyle purchased a car today at a price of $9,500. He paid $500 down in cash and financed the balance for 5 years at 6.00 percent and annual payments. What is the amount of each annual loan payment?

*Please show your work and the inputs you used on a financial calculator*

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