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A bank customer borrows Lat an annual effective interest rate of 12.5% and makes level payments at the end of each year for n years.

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A bank customer borrows Lat an annual effective interest rate of 12.5% and makes level payments at the end of each year for n years. The interest portion of the final payments is 153.86 The total of the principal portions of the first (n-1) payments is 6009.12 The principal portion of the first payment is P. Calculate P. Give your answer rounded to the nearest whole number (i.e. X)

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