Business, 13.06.2020 22:57 rndbwls5760

A friend wants to borrow money from you. He states that he will pay you $2,700 every 6 months for 9 years with the first payment exactly 5 years and six months from today. The interest rate is an APR of 7.3 percent with semiannual compounding. What is the value of the payments today?

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A friend wants to borrow money from you. He states that he will pay you $2,700 every 6 months for 9...

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