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Suppose you borrowed a certain amount of money 430 weeks ago at an annual interest rate of 5% with semiannual compounding (2 times per year).
Suppose you borrowed a certain amount of money 430 weeks ago at an annual interest rate of 5% with semiannual compounding (2 times per year). If you returned $11,675 today, how much did you borrow?
Round your answer to the nearest dollar.
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