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Sam took out a loan from the bank today for X. He plans to repay this loan by making payments of $790 per month for
Sam took out a loan from the bank today for X. He plans to repay this loan by making payments of $790 per month for a certain amount of time. If the interest rate on the loan is 1.20% per month, she makes her first $790 payment later today, and she makes her final monthly payment of $790 in 5 months, then what is X, the amount of the loan?
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