Langara woodcraft borrowed money to purchase equipment. The loan is repaid by making payments of $656.32 at the end of every year over eight years if interest is 4.1% compounded semi annually what was the original loan balance?

Langara Woodcraft borrowed money to the equipment. The coon is paid by making payments of 5056 320 end of every year over eight year, Ifidorostis 41 compounded coruly what was the originalan bano? The original loan bon was (Round the final answer to the nearest cent as needed Round all intermediato values to six dhoma ploons as nodbied