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Suppose you are borrowing $53,000 at an interest rate of 2.3%. You will not make any payments for the first two years. Then, starting at

Suppose you are borrowing $53,000 at an interest rate of 2.3%. You will not make any payments for the first two years. Then, starting at the end of year 3, you will make 7 annual payments to repay the loan. How much will your annual payments be? Round to the nearest dollar.

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