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A friend wants to borrow money from you. He states that he will pay you $3700 every 6 months for 12 years with the first

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A friend wants to borrow money from you. He states that he will pay you $3700 every 6 months for 12 years with the first payment exactly 5 years and six months from today. The interest rate is an APR of 4.7 percent with semiannual compounding What is the value of the payments today

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