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A friend wants to borrow money from you. He states that he will pay you $ 4 , 0 0 0 every 6 months for

A friend wants to borrow money from you. He states that he will pay you $4,000 every 6 months for 8 years with the first payment exactly 3 years and six months from today. The interest rate is an APR of 6.3 percent with semiannual compounding. What is the value of the payments today?
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$41,238.74
$41,354.33
$42,613.37
$31,069.04

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