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Karen plans to repay a loan with an effective rate of interest of 5.7% by annual...

Karen plans to repay a loan with an effective rate of interest of 5.7% by annual payments. The first payment of $1500 comes one year from now, and each subsequent payment is $70 larger than the previous. If she will make 27 total payments, what is the original amount of the loan?

Answer = $ (3 decimal place)

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