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Suppose you borrow $30,000 from a bank. The terms of the loan are 17 years with an interest rate of 12%. What are the annual

Suppose you borrow $30,000 from a bank. The terms of the loan are 17 years with an interest rate of 12%. What are the annual loan payments at the end of the year to the bank?

Enter your response below (rounded to 2 decimal places).

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