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A $3,000 loan will be repaid with equal principal payments of $200 each, with assuming 5% annual effective interest. How much does an investor pay

A $3,000 loan will be repaid with equal principal payments of $200 each, with assuming 5% annual effective interest. How much does an investor pay at t=0 to buy out the loan to yield 7% annual effective? Round the answer to the nearest dollar

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