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A loan at rate i^(12)=.12 is repaid with 120 monthly payments starting one month after the loan. The amount of the first payment is 600

A loan at rate i^(12)=.12 is repaid with 120 monthly payments starting one month after the loan. The amount of the first payment is 600 and each subsequent payment is 5 larger than the previous payment. Find the original amount of the loan.

They gave us the answer, which is L=58,490.89

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