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A debt of $ 258,000 will be settled in 20 increasing monthly payments with an interest rate of 48% per year, compounded each month. Payments 

A debt of $ 258,000 will be settled in 20 increasing monthly payments with an interest rate of 48% per year, compounded each month. Payments will grow by 4%, the first being settled at the end of the first month. Calculate the amount corresponding to payment number 15.

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