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Tim Dodson has borrowed $135,961 to pay for his new car. The annual interest rate on the loan is 14 percent, and the loan needs

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Tim Dodson has borrowed $135,961 to pay for his new car. The annual interest rate on the loan is 14 percent, and the loan needs to be repaid in 22 payments. What will be his annual payment if he is planning to make his first payment today? Round to the nearest two decimals if needed. Do not type the $ symbol

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