Question: You just borrowed $ 1 2 4 , 7 0 6 . You plan to repay this loan by making X regular annual payments of

You just borrowed $124,706. You plan to repay this loan by making X regular annual payments of $18,690 and a special payment of special payment of $20,100 in 2 years. The interest rate on the loan is 10.65 percent per year and your first regular payment will be made today. What is X?

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