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You borrowed some money at 8 percent per annum. You repay the loan by makingthree annual payments of $ 2 5 4 ( first payment

You borrowed some money at

8

percent per annum. You repay the loan by makingthree annual payments of $

254 (

first payment made at t

= 1),

followed by five annualpayments of $

567,

followed by four annual payments of $

750 .

How much did you borrow?

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