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Josef Company borrowed money that must be repaid in 20 years. The company wants to make sure the loan will be repaid at the end

Josef Company borrowed money that must be repaid in 20 years. The company wants to make sure the loan will be repaid at the end of year 20. So it invests $12,300 at the end of each year at 12% interest compounded annually. What was the amount of the original loan?

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