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Western Bank offers you a $10,000, 6-year term loan at 7 percent annual interest. What is the amount of your annual loan payment? 1

Western Bank offers you a $10,000, 6-year term loan at 7 percent annual interest. What is the amount of your annual loan payment? 1 $1,883.33 2 $2,097.96 3 $2,066.67 4 $1,907.18 5 $1,811.07 --/3.4

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