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Sheena has the following two options for repaying a loan: (i) A payment of 1000 at the end of the first year and a payment

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Sheena has the following two options for repaying a loan: (i) A payment of 1000 at the end of the first year and a payment of 8000 at the end of the 9^th year (ii) A single payment of X at the end of the 5^th year At an interest rate of 7% compounded semiannually, calculate the size of the single payment. X =

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