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You have just taken out a $35,000 car loan with a 6% APR and 3 equal annual payments. The loan is for three years. How
You have just taken out a $35,000 car loan with a 6% APR and 3 equal annual payments. The loan is for three years. How much is your yearly payment?
A. | $11,093.84 | |
B. | $9,093.84 | |
C. | $15,093.84 | |
D. | $13,093.84 |
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