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return. a. What will be your annual loan payments? Do not round intermediate calculations. Round your answer to the nearest cent. $ b. How much

image text in transcribed return. a. What will be your annual loan payments? Do not round intermediate calculations. Round your answer to the nearest cent. $ b. How much of your first payment will be applied to interest and to principal repayment? Do not round intermediate calculations. Round your answers to the nearest cent. Interest: \$ Principal repayment: $ Hide Feedback Partially Correct Vheck My Work Feedback Review the definition for an amortized loan. Review the definition for the PV of an ordinary annuity and its equation. If using a financial calculator, be careful about the meaning of the negative sign and remember to include FV=0 (or be sure to clear all registers before starting problem)

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