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Tom bought a car worth shule.800000 using a loan from a credit corporation. He was to pay back using four equal yearly instalments of sh.200000.The lender charged compound interest at the rate of 16%p.a. and a ledger fee at 1.5%p.a.  on any outstanding balance at the time when each instalment is paid. What is the total amount of money that Tom paid to clear the loan?

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