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Bob has borrowed a sum of $150000 for his study at 12% simple interest per year at the beginning of a year. The loan has

Bob has borrowed a sum of $150000 for his study at 12% simple interest per year at the beginning of a year. The loan has to be repaid by two payments of $60000 and $X at the end of July and November of the same year respectively. What is the value of X?

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