You have a loan of $52,948 and will repay the loan over 6 years at...

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Accounting

You have a loan of $52,948 and will repay the loan over 6 years at 7% interest under fixed payment term. What is your "yearly" payment for this loan?

(Round your answer to the nearest unit digit. i.e. if your answer is 1234.56, enter 1235.)

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