Question: Suppose you are borrowing $ 5 9 , 0 0 0 at an interest rate of 1 . 9 % . You will not make

Suppose you are borrowing $59,000 at an interest rate of 1.9%. You will not make any payments for the first two years. Then, starting at the end of year 3, you will make 8 annual payments to repay the loan. How much will your annual payments be? Round to the nearest dollar.

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