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Langara Woodcraft borrowed money to purchase equipment. The loan is repaid by making payments of $1109.71 at the end of every three months over six
Langara Woodcraft borrowed money to purchase equipment. The loan is repaid by making payments of $1109.71 at the end of every three months over six years. If interest is 3.7% compounded semi-annually, what was the original loan balance?
The original loan balance was $____.
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