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Prescott Bank offers you a $ 2 1 , 0 0 0 , 7 - year term loan at 1 1 percent annual interest. What

Prescott Bank offers you a $21,000,7-year term loan at 11 percent annual interest. What will your annual loan payment be?
Multiple Choice
$4,313.52
$4,768.48
$2,785.50
$4,456.52
$4,601.47

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