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A guaranteed contract entitles Jon to receive $ 5 2 5 at the end of every six months for the next nine years plus an

A guaranteed contract entitles Jon to receive $525 at the end of every six months for the next nine years plus an additional single payment of $10,000 in nine years. If Jon sells the contract to The Corleone Finance Company now, for a price that would provide Corleone with a rate of return of 7.4% compounded semiannually, what would that price be?

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