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A loan of 4 5 , 0 0 0 is being repaid with level annual payments of 3 2 0 0 for as long as

A loan of 45,000 is being repaid with level annual payments of 3200 for as long as necessary plus a final drop payment. All payments are made at the end of the year. The principal portion of the 9th payment is 1.33 times the principle portion of the 2nd payment. Calculate the drop payment.

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