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Lorena's Cart took out a loan from the bank today for $ 2 4 8 , 2 0 0 . 0 0 . The loan
Lorena's Cart took out a loan from the bank today for $ The loan requires Lorena's Cart to make a special payment of $ to the bank in years and also make regular, fixed payments of X to the bank each year forever. The interest rate on the loan is percent per year and the first regular, fixed annual payment of X will be made to the bank in year. What is X the amount of the regular, fixed annual payment?
$plus or minus dollars
$plus or minus dollars
$plus or minus dollars
$plus or minus dollars
none of the answers are within dollars of the correct answer
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