Faisal borrowed $3000, $3500, and $4000 from his father on January 1 of three successive years at

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Faisal borrowed $3000, $3500, and $4000 from his father on January 1 of three successive years at college. Faisal and his father agreed that interest would accumulate on each amount at the rate of 5% compounded semiannually. Faisal is to start repaying the loan one year after the $4000 loan. What consolidated amount will he owe at that time?
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