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Smith borrows $5,000 on January 1, 2007. He repays the loan with 20 annual payments, starting January 1, 2008. The payments in even-number year are

Smith borrows $5,000 on January 1, 2007. He repays the loan with 20 annual payments, starting January 1, 2008. The payments in even-number year are 2X each; the payments in odd-number years are X each. If d = 0.08, find the total amount of all 20 payments.

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