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Business, 05.08.2020 17:01 angelina0miles

A friend wants to borrow money from you. He stated that he will pay you $2500 every 6 months for 7 years with the first payments exactly 3 years and six months from today. The interest rate is 4.8 percent compounded semiannually. What is the value of the payments today?

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A friend wants to borrow money from you. He stated that he will pay you $2500 every 6 months for 7 y...
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