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Lynn Ally, owner of a local Subway shop, loaned $47000 to Pete Hall to help him open a Subway franchise, Pete plans to repay Lynn

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Lynn Ally, owner of a local Subway shop, loaned $47000 to Pete Hall to help him open a Subway franchise, Pete plans to repay Lynn at the end of 8 years with 6% interest compounded semiannually How much will Lynn receive at the end of 8 years? (Do not round intermediate calculations, Round your answer to the nearest cent) Future value

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