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Western Bank offers you a $ 1 2 , 0 0 0 , 6 - year term loan at 7 percent annual interest. What is

Western Bank offers you a $12,000,6-year term loan at 7 percent annual interest. What is the amount of your annual loan payment? Multiple Choice$2,483.33 $2,517.55 $2,066.67 $1,901.18 $1,811.07

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