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Henry borrowed $8000 at a rate of 14.5%, compounded semiannually. Assuming he makes no payments, how much will he owe after 8 years? Do not

Henry borrowed $8000 at a rate of 14.5%, compounded semiannually. Assuming he makes no payments, how much will he owe after 8 years? Do not round any intermediate computations, and round your answer to the nearest cent

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