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Tim Dodson has borrowed $10,600 to pay for his new car. The annual interest rate on the loan is 4.5 percent, and the loan needs

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Tim Dodson has borrowed $10,600 to pay for his new car. The annual interest rate on the loan is 4.5 percent, and the loan needs to be repaid in four annual payments, with the first payment beginning TODAY. What will be his annual payment if he begins his payment beginning TODAY? (Round to the nearest dollar.) $2,288$2,955$2,650$2,827

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