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Akram Motavalli borrowed a certain amount from his friend and promised to repay him the amounts of $2079, $1933, $2107, $1396 and $1578 over the
Akram Motavalli borrowed a certain amount from his friend and promised to repay him the amounts of $2079, $1933, $2107, $1396 and $1578 over the next 5 years. If the friend normally discounts investments at 6.2 per cent annually, how much did Akram borrow?
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