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1. Jimmy made a 10-year loan at 7% effective annual interest with Bank A, and has level annual payment of 755. Right after the 4th

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1. Jimmy made a 10-year loan at 7% effective annual interest with Bank A, and has level annual payment of 755. Right after the 4th payment, the loan was sold to Bank B, at price X. After the sale, Bank A's effective annual yield was 8.5%. Calculate the price X

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