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Jane and Mike each take a loan of $X. Jane will repay her loan by making one payment of $1,200 at the end of year

Jane and Mike each take a loan of $X. Jane will repay her loan by making one payment of $1,200 at the end of year 1. Mike will repay his loan by making one payment of $1,210 at the end of year 2. If the annual effective interest rate charged to Sally is double that charged to Harry, find the value of X.

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