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An out - of - state UCLA student takes a loan at the beginning of the year to pay their current tuition of $ 4

An out-of-state UCLA student takes a loan at the beginning of the year to pay their current tuition of $43,473. The annual interest rate is fixed at 5.5%. Starting at the end of the year, for 20 years, they are required to make yearly interest payments of $x. What is $x?
Note: For an annuity with payments of x at the end of the year, for N years at an interest rate of r, the present value (PV) is calculated as
PV=x**[1-(1(1+r)N)r]
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