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Loan Payments ( Annual ) a . If you take out an $ 3 8 , 0 0 0 car loan that calls for 3

Loan Payments (Annual)
a. If you take out an $38,000 car loan that calls for 3 annual payments starting at the
end of the year. The car loan has an interest rate of 10.60%, what is your annual
payment? (Do not round intermediate calculations. Round your answer to 2 decimal
places.)
Annual Payments
.b If you take out an $38,000 car loan that calls for 3 annual payments starting at the
beginning of the year. The car loan has an interest rate of 10.60%, what is your annual
payment? (Do not round intermediate calculations. Round your answer to 2 decimal
places.)
Annual Payments
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