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Prescott Bank offers you a $36,000, 7-year term loan at 7 percent annual interest. What will your annual loan payment be? Multiple Choice $6,679.92 $6,448.86

Prescott Bank offers you a $36,000, 7-year term loan at 7 percent annual interest. What will your annual loan payment be? Multiple Choice $6,679.92 $6,448.86 $7,147.51 $6,664.92 $6,914.61

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