Business, 17.04.2020 03:13, smokemicpot

A friend wants to borrow money from you. He states that he will pay you $4,700 every 6 months for 9 years with the first payment exactly 2 years and six months from today. The interest rate is an APR of 5.8 percent with semiannual compounding. What is the value of the payments today

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A friend wants to borrow money from you. He states that he will pay you $4,700 every 6 months for 9...