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A ten year loan with i (12) = 6% is to be paid off with monthly payments beginning one month after the loan is made.

A ten year loan with i⁽¹²⁾ = 6% is to be paid off with monthly payments beginning one month after the loan is made. Each succeeding payment is 2% larger than the prior payment, with the first payment being $1,500. Find OB₄₈.

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