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You borrow $45,746 to be repaid in annual payments over 4 years. The nominal interest rate on the loan is 6.7%. Based on the above

You borrow $45,746 to be repaid in annual payments over 4 years. The nominal interest rate on the loan is 6.7%. Based on the above how much should the annual payment should be? (Show pennies!) e.g. 99.99

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