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(8%) Jim and Tim each took out a loan on 1/1/2021. Both men pay an annual effective interest rate of i and both men will

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(8%) Jim and Tim each took out a loan on 1/1/2021. Both men pay an annual effective interest rate of i and both men will make payments of 2000 at the ends of the years 2021 through 2025. However, Jim's lender required him to also pay a loan origination fee of 2000, to be paid at the time the loan is made. The total amount of the two loans together was 18,400.80. Calculate

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