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Prescott Bank offers you a $26,000, 7-year term loan at 10 percent annual interest. What will your annual loan payment be? Multiple Choice $5,340.54 $5,165.95

Prescott Bank offers you a $26,000, 7-year term loan at 10 percent annual interest. What will your annual loan payment be?

Multiple Choice

$5,340.54
$5,165.95
$5,714.38
$3,686.82
$5,517.60

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