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you are considering a loan for an upcominf purchase. you will need $7,003.57 for this purchase. The bank will lend you at 5.5% APR. the

you are considering a loan for an upcominf purchase. you will need $7,003.57 for this purchase. The bank will lend you at 5.5% APR. the bank expects you to make a payment every year for 24 years. if all the payments must be the same, what will be the per period payment needed to pay off the loan on time?

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