Edmonton Pizza borrowed money to redesign their restaurants. Payments of $720 would be made at the beginning of each month for four years, starting in six months. Interest on the loan is 7.53% compounded semi-annually.

(a) How much must the company borrow today?

(a) The company must borrow $ today.

(Round the final answer to the nearest cent as needed. Round all intermediate values to six decimal places as needed.)