Question: jamal secures a 3 0 year fixed rate amortized loan of size L which will require them to make equal size monthly payments of 3

jamal secures a 30 year fixed rate amortized loan of size L which will require them to make equal size monthly payments of 3200 at the end of each month for the next 30 years. Ifjamal instead makes monthly payments of 5800 at the end of each month, they could pay off the loan after 15 years of payments. Find L

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