Question: If you borrow $2,000 for four years at an interest rate of 8.0% per year, what is the annual loan payment? A) $597.83 B) $638.98

If you borrow $2,000 for four years at an interest rate of 8.0% per year, what is the annual loan payment?

A)

$597.83
B)

$638.98
C)

$603.84
D)

$589.44
E)

$617.45

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