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Your friend needs money today and can pay you $5,636 in 4 year, $2,537 in 8 years, $8,747 in 14 years and $696 at the
Your friend needs money today and can pay you $5,636 in 4 year, $2,537 in 8 years, $8,747 in 14 years and $696 at the end of each quarter starting at the beginning of year 4 and ending at the beginning of year 14 . How much would you be willing to lend him today if you both agree that 9.33% interest per year is fair. Assume all interest is compounded quarter. Answer Format: INCLUDE ONLY NUMBERS AND DECIMALS IN YOUR ANSWER. Do not include "\$" "," or any other formatting. Carry interim computations to at least 4 decimals. Enter numerical answers as a positive or negative number rounded to 2 decimal places (\#\#\#.\#\#)
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