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Prescott Bank offers you a $28,000, 6-year term loan at 8 percent annual interest. What will your annual loan payment be? A. 4,494.01 B. 5,874.28

Prescott Bank offers you a $28,000, 6-year term loan at 8 percent annual interest. What will your annual loan payment be?

A. 4,494.01

B. 5,874.28

C. 6,056.83

D. 6,241.75

E. 6,480.81

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