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You took out a loan that must be repaid with level payments at the end of each year. The loan has an annual effective rate

You took out a loan that must be repaid with level payments at the end of each year. The loan has an annual effective rate of interest of 7%. The outstanding balance at the end of the ninth year was $21,000 and the outstanding balance at the end of the twelfth year was $18,000. What is your payment on the loan? Round your answers to two decimal places

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