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Business, 03.12.2021 03:30 jbuchjr13

A $6,000 loan is being repaid with regular payments of X X at the end of each year for as long as necessary plus a smaller payment one year after the final regular payment. Immediately after the ninth payment, the outstanding principal is three times the size of the regular payment (i. e., 3 X 3X). If the annual interest rate i i is 10%, what is the value of X X

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