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Loan payment Determine the equal, annual, end-of-year payment required each year over the life of the loan shown in the following table to repay it

Loan paymentDetermine the equal, annual, end-of-year payment required each year over the life of the loan shown in the following table to repay it fully during the stated term of the loan.

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The amount of the equal, annual, end-of-year payment, CF, is $. (Round to the nearest cent.)

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