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Nathubhai agrees to receive $1,550,000 annually as repayment for his loan to Parthivbhai for 15 years and also agrees to an annual interest rate of

Nathubhai agrees to receive $1,550,000 annually as repayment for his loan to Parthivbhai for 15 years and also agrees to an annual interest rate of 3.43 percent, How much has he lent to Parthivbhai if the first payment is made today?

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