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A loan is taken out today, June 19, 2015. Payments are made annually, and start exactly one year later. The first payment is $100 and

A loan is taken out today, June 19, 2015. Payments are made annually, and start exactly one year later. The first payment is $100 and each additional payment is $100 higher than the previous one. The last payment is $2000. Calculate the loan amount as of today if the effective annual interest rate is 12%

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