Mohinder has financial obligations of $1000 due in 3 1/2 years and $2000 due in 5

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Mohinder has financial obligations of $1000 due in 3 1/2 years and $2000 due in 5 ½ years. 22 He wishes to settle the obligations sooner with a single payment one year from now. If money is worth 7.75% compounded semiannually, what amount should the payee be willing to accept?
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