Question: Please don't give the Excel solution. I do not need it. John borrows 50,000 that is to be paid back over 10 years with level

Please don't give the Excel solution. I do not need it.

John borrows 50,000 that is to be paid back over 10 years with level monthly payments at the end of each month. The interest is charged on the loan at a nominal rate of 10% compounded monthly. On the due date of the 50th payment, John decides to repay the loan in full with a single payment of X. Calculate X

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