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Jack borrows $10,000 and will repay the loan over 10 years with payments of $X at the end of each of the first 5 years

Jack borrows $10,000 and will repay the loan over 10 years with payments of $X at the end of each of the first 5 years and $2X at the end of each of the second 5 years.

The annual effective interest rate is 3.5%.

Determine X

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