Question: If you take out an $ 4 8 , 5 0 0 car loan that calls for 6 annual payments starting at the end of

If you take out an $48,500 car loan that calls for 6 annual payments starting at the end of the year. The car loan has an interest rate of 12.00%, what is your annual payment? (Do not round intermediate calculations. Round your answer to 2 decimal places.)
Annual Payments $
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If you take out an $48,500 car loan that calls for 6 annual payments starting at the beginning of the year. The car loan has an interest rate of 12.00%, what is your annual payment? (Do not round intermediate calculations. Round your answer to 2 decimal places.)

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