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8. Menachem takes out a loan of $2000, and interest is collected at a rate of 4% compound interest. At the end of each of

8. Menachem takes out a loan of $2000, and interest is collected at a rate of 4% compound interest. At the end of each of the next four years he makes payments of $400, and at the end of the fifth year he wants to repay the entire remaining amount X. What is that payment?

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