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Sebastin will take out a loan which charges 7.8% interest. They plan to pay back the loan with 6 quarterly payments of $2,550 each. How

Sebastin will take out a loan which charges 7.8% interest. They plan to pay back the loan with 6 quarterly payments of $2,550 each. How much can Sebastin afford to borrow?

Round your answer to the nearest cent.

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