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You want to borrow $50,000 for 7 years to buy a new car and you can borrow at 10% per year )interest is paid annually).

You want to borrow $50,000 for 7 years to buy a new car and you can borrow at 10% per year )interest is paid annually). What is your annual payment rounded to nearest dollar? a. $12,755 b. $10,000 Incorrect c. $13,190 d. $11,387

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