[Solved] prescott bank offers you a $32,000, 6 yea

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prescott bank offers you a $32,000, 6 year term loan at 11 percent annual interest. What will your annual loan payment be? a. $7,783.22 b.

prescott bank offers you a $32,000, 6 year term loan at 11 percent annual interest. What will your annual loan payment be?

a. $7,783.22

b. 7,347.44

c. 7,564.05

d. 4,042.37

e. 8,093.53

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