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Jane took out a loan from the bank today for X. She plans to repay this loan by making payments of $520 per month for
Jane took out a loan from the bank today for X. She plans to repay this loan by making payments of $520 per month for a certain amount of time. If the interest rate on the loan is 1.12% per month, she makes her first $520 payment later today, and she makes her final monthly payment of $520 in 7 months, what is X, the amount of the loan?
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