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Juliana takes out a 15-year loan for 250,000 to be repaid with quarterly payments starting one month after the loan is made. Her repayment structure

Juliana takes out a 15-year loan for 250,000 to be repaid with quarterly payments starting one month after the loan is made. Her repayment structure is as follows:

- The first payment is X.

- The payments decrease by 100 every quarter for fourteen years.

- Each payment during the fifteenth year is 1500.

Given that the annual effective interest rate is 4.0604%, find X.

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