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A 50000 loan made on january 1, 2010 is to be repaid over 25years with payments on the last day of each month, beginningjanuary 31,2010.

A 50000 loan made on january 1, 2010 is to be repaid over 25years with payments on the last day of each month, beginningjanuary 31,2010.
if i(2) = 10%, find the amount of the monthlypayment X.

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