A friend wants to borrow money from you. He states that he will pay you $4,100 every 6 months for 9 years with the first payment six months from today. The interest rate is an APR of 6.4 percent with semiannual compounding. What is the value of the payments today
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Home » Business » A friend wants to borrow money from you. He states that he will pay you $4,100 every 6 months for 9 years with the first payment six months from today. The interest rate is an APR of 6.4 percent with semiannual compounding.