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Langara Woodcraft borrowed money to purchase equipment. The loan is repaid by making payments of $1019.64 at the end of every six months over four

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Langara Woodcraft borrowed money to purchase equipment. The loan is repaid by making payments of $1019.64 at the end of every six months over four years. If interest is 4% compounded annually, what was the original loan balance? The original loan balance was $ (Round the final answer to the nearest cent as needed. Round all intermediate values to six decimal places as needed.) Langara Woodcraft borrowed money to purchase equipment. The loan is repaid by making payments of $1019.64 at the end of every six months over four years. If interest is 4% compounded annually, what was the original loan balance? The original loan balance was $ (Round the final answer to the nearest cent as needed. Round all intermediate values to six decimal places as needed.)

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