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A loan, A, is repaid with semi-annual payments of $1000. The first payment is due May 26, 2007 and the last payment is due May

A loan, A, is repaid with semi-annual payments of $1000. The first payment is due May 26, 2007 and the last payment is due May 26, 2012. If the interest rate on the loan is j2=7% and the loan was taken out on November 26, 2006, what is A?

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