Question: Use the Amortization Table to determine the payment required to amortize a loan of $ 7 3 0 0 at an annual interest rate of

Use the Amortization Table to determine the payment required to amortize a loan of $ 7300 at an annual interest rate of 8% with a term of 7 years. Payments are to be made annually.
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Part 1
The amount of each payment is $
enter your response here.
(Round to the nearest cent as needed.)
Use the Amortization Table to determine the payment required to amortize

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