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Prescott Bank offers you a $29,000, 8-year term loan at 9 percent annual interest. What will your annual loan payment be? Multiple Choice $5,435.88 $5,606.33

Prescott Bank offers you a $29,000, 8-year term loan at 9 percent annual interest. What will your annual loan payment be?

Multiple Choice

  • $5,435.88

  • $5,606.33

  • $5,046.43

  • $4,627.31

  • $5,239.56

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