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A borrower planned to repay a loan of L with level payments at the end of each month for 30 years. The loan had an

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A borrower planned to repay a loan of L with level payments at the end of each month for 30 years. The loan had an annual nominal interest rate of 6%, convertible monthly. Starting with the 18 ist payment, the borrower increased the monthly payment to 2,000 , which enabled the borrower to pay off the loan five years earlier than planned. Calculate L. 253.554 277.772 310,414 330,347 333.583

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