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Prescott Bank offers you a five-year loan for $53,000 at an annual interest rate of 7.75 percent. What will your annual loan payment be? (Do

Prescott Bank offers you a five-year loan for $53,000 at an annual interest rate of 7.75 percent. What will your annual loan payment be?(Do not round intermediate calculations and round your answer to 2 decimal places, e.g., 32.16.)

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