Question: You just borrowed $ 3 3 9 , 5 7 5 . You plan to repay this loan by making regular annual payments of X

You just borrowed $339,575. You plan to repay this loan by making regular annual payments of X for 17 years and a special payment of $17,800 in 17 years. The interest rate on the loan is 12.37 percent per year and your first regular payment will be made today. What is X?

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