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Suppose a loan of $20,000 is structured as follows: The interest rate is 10%, compounded quarterly. Quarterly payments are $600 for the first 5 years.

Suppose a loan of $20,000 is structured as follows: The interest rate is 10%, compounded quarterly. Quarterly payments are $600 for the first 5 years. Then quarterly payments are X for the next 10 years, paying the loan off after a total of 15 years. Find X.

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