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Prescott Bank offers you a $29,000, 8-year term loan at 10 percent annual interest. What will your annual loan payment be? Multiple Choice $5,816.39 $5,635.31

Prescott Bank offers you a $29,000, 8-year term loan at 10 percent annual interest. What will your annual loan payment be?

Multiple Choice

  • $5,816.39

  • $5,635.31

  • $5,239.56

  • $4,306.86

  • $5,435.88

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