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You just borrowed $ 1 1 8 , 3 4 3 . You plan to repay this loan by making X regular annual payments of

You just borrowed $118,343. You plan to repay this loan by making X regular annual payments of $21,720 and a special payment of special payment of $21,900 in 5 years. The interest rate on the loan is 18.07 percent per year and your first regular payment will be made today. What is X?

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