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Sarah borrows $22,397 from the bank at 3.87 percent per year, compounded annually, to purchase new car. This loan is to be repaid in equal

Sarah borrows $22,397 from the bank at 3.87 percent per year, compounded annually, to purchase new car. This loan is to be repaid in equal annual installments at the end of each year over the next 10 years. How much will each annual payment be?

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