A friend wants to borrow money from you what is the value, Financial Management

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A friend wants to borrow money from you what is the value

A friend wants to borrow money from you. He states that he will pay you $3,800 every 6 months for 13 years with the first payment exactly 6 years and six months from today. The interest rate is 6.1 percent compounded semiannually. What is the value of the payments today?

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Financial Management: A friend wants to borrow money from you what is the value

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