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A loan L is repaid by 10 annual interest payments to the lender at an effective annual rate of 5.5%, along with 10 level annual

A loan L is repaid by 10 annual interest payments to the lender at an effective annual rate of 5.5%, along with 10 level annual deposits to a sinking fund earning an effective annual interest 4%. If the annual outlay is 15571.56 find the amount of the loan L. Round your answer to the closet dollar.

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