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you need 12000 to purchase a used car your wealthy uncle is willing to lend you the money on a mortgage loan. He will like

you need 12000 to purchase a used car your wealthy uncle is willing to lend you the money on a mortgage loan. He will like you to make an annual payment for four years with the first payment to be made one year from now. He requires a 9% annual return. What will be your annual loan payment? round to the nearest cent How much of your first payment will be applied to interest and principal payments?

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