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You just borrowed $245.918 from the bank to purchase a property. The loan is for 8 years and you need to make annual payments on

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You just borrowed $245.918 from the bank to purchase a property. The loan is for 8 years and you need to make annual payments on the loan. How much is your annual loan payment if your annual interest rate is 8.29% ? Answer should be formatted as a dollar amount rounded to the nearest cent

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