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A 15 -year loan of 2,400 is repaid with payments at the end of each year . Each of the first 6 payments equals 130%

A 15 -year loan of 2,400 is repaid with payments at the end of each year . Each of the first 6 payments equals 130% of the amount of interest due . Each of the last 9 payments is X . The lender charges interest at an annual effective rate of 0.07 . Calculate X.

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