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6. Lynn owns a local Subway shop, and loaned $40,000 to Pete to help him open a Subway franchise. Pete plans to repay Lynn at

6. Lynn owns a local Subway shop, and loaned $40,000 to Pete to help him open a Subway franchise. Pete plans to repay Lynn at the end of 8 years with 6% interest compounded semiannually. How much will Lynn receive at the end of 8 years? a

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