Richard Miller borrowed some money from his friend and promised to repay him $1,200, $1,350, $1,540, $1,560, and $1,560 over the next five years. If the friend normally discounts investment cash flows at 10 percent annually, how much did Richard borrow? (Round answer to 2 decimal places, e.g. 15.25. Do not round factor values.) Present value $ eTextbook and Media Save for Later Attempts: 0 of 3 used Submit Answer