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Prescott Bank offers you a $30,000, 9-year term loan at 11 percent annual interest. What will your annual loan payment be? Multiple Choice $4,393.40 $5,209.22

Prescott Bank offers you a $30,000, 9-year term loan at 11 percent annual interest. What will your annual loan payment be?

Multiple Choice

  • $4,393.40

  • $5,209.22

  • $5,418.05

  • $5,797.31

  • $5,630.37

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