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Dollars Bank offers you a $39,000, 5-year term loan at 8% annual interest. ...

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Question

Finance

Dollars Bank offers you a $39,000, 5-year term loan at 8% annual interest.

Required:

What will your annual loan payment be? (Don't round )

Multiple Choice (Select The Correct Answer)

A. $10,026.61

B. $10,451.55

C. $6,019.15

D. $9,511.74

E. $9,767.80

Answer & Explanation Solved by verified expert
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