ppose that Mark borrowed $27,750 on his car loan, and it is to be repaid in eight equal payments at the end of each of the next 8 years with 4.17% interest rate. What is the annual interest expense for Mark and the annual interest income for the car dealer during Year 4?   A. $902.32 B. $766.86 C. $625.76 D. $478.77

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