Plans to repay this loan by making payments

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Reference no: EM131011402

Bianca took out a loan from the bank today for X. She plans to repay this loan by making payments of 2,700 dollars per month for a certain amount of time. If the interest rate on the loan is 0.47 percent per month, she makes her first payment of 2,700 dollars later today, and she makes her final monthly payment of 2,700 dollars in 8 months, then what is X, the amount of the loan?

Reference no: EM131011402

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