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You receive a 4 - year $ 2 9 , 0 0 0 loan with an interest rate of 5 % p . a .
You receive a year $ loan with an interest rate of pa to be repaid in four annual installments. The loan requires that you make total payments of $ at t $ at t and $ at t with the remaining loan balance paid at maturity. What is the total payment amount at t rounded to the nearest dollar?
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