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1 . Arian borrowed a certain amount from his friend and promised to repay him, starting in 1 year from today, the amounts of $

1. Arian borrowed a certain amount from his friend and promised to repay him, starting
in 1 year from today, the amounts of $1225, $1350, $1500, $1600, and $1600 in 1 to
5 years respectively. If the friend normally discounts investments at 8 per cent p.a.
compounding monthly, how much did Arian borrow?

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