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Julie Adams loaned an amount of money to her brother at an interest rate of 7.12%. She expects to receive the following sums of funds

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Julie Adams loaned an amount of money to her brother at an interest rate of 7.12\%. She expects to receive the following sums of funds from her brother, beginning next year. $987 in year 1: $1,012 in year 2;$1,062 in year 3;$1,162 in year 4 . How much did she loan to her brother? (Round to the nearest dollar.)

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