Dinero bank offers you a 62000 four-year term loan an, Ask an Expert

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Dinero Bank offers you a $62,000, four-year term loan an annual interest rate of 7 percent. What will your annual loan payment be? (Do not round intermediate calculations and round your final answer to 2 decimal places. (e.g., 32.16))

Annual loan payment $

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Financial Management, Finance

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