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A government loan is to be repaid by annual payments continuing forever, the first payment due one year after the loan is made. Find the
A government loan is to be repaid by annual payments continuing forever, the first payment due one year after the loan is made. Find the amount of the loan if the payments are 200, 400, 600, 400, 200, 400, 600, 400, 200, 400, 600, ... (increasing, decreasing, increasing, decreasing, ...) assuming an annual effective interest rate of 5%.
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