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Charlie borrowed $ 1 9 2 0 0 0 today. The interest rate on the loan is j 1 = 5 % for the first

Charlie borrowed $192000 today. The interest rate on the loan is j1=5% for the first 5 years, then it changes to j1=7.8% thereafter. To repay the loan, Charlie makes yearly payments of R dollars (in the end of year) from year 3 to year 11. What is R?

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