Dawson Electricals has borrowed $27,850 from its bank at an annual rate of 8.5 percent. It...
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Dawson Electricals has borrowed $27,850 from its bank at an annual rate of 8.5 percent. It plans to repay the loan in eight equal installments, beginning in a year. What is its annual loan payment? $4,708 $5,134 $4,939 $4,748 Dawson Electricals has borrowed $27,850 from its bank at an annual rate of 8.5 percent. It plans to repay the loan in eight equal installments, beginning in a year. What is its annual loan payment? $4,708 $5,134 $4,939 $4,748
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