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Louisa owns a furniture store and decided to help a friend out by allowing him to purchase $ 5 , 0 0 0 of furniture

Louisa owns a furniture store and decided to help a friend out by allowing him to purchase $5,000 of furniture using her
credit at 6.25% compounded semi-annually. The furniture loan is to be repaid in four years. However, after 2(1)/(2) years
Louisa can no longer have the loan outstanding and needs the money. Avco Financial has agreed to purchase the maturity
amount of this loan from Louisa using a discount rate of 17.1% compounded monthly. If Louisa proceeds with selling the
loan contract to Avco Financial, what sum of money can she expect to receive?

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