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Vince just took out a loan from the bank for 141,397 dollars. He plans to repay this loan by making a special payment to the
Vince just took out a loan from the bank for 141,397 dollars. He plans to repay this loan by making a special payment to the bank of 32,328 dollars in 4 months and by also making equal, regular monthly payments of X. If the interest rate on the loan is 1.45 percent per month, he makes his first regular monthly payment later today, and he makes his last regular monthly payment made in 8 months from today, then what is X, the amount of the regular monthly payment?
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