Business, 25.07.2020 05:01 Emilybaez15

a friend wants to borrow money from you. He states that he will pay you $3000 every 6 months for 12 years with the first payment exactly 3 years and six months from today. The interest rate is an APR of 5.3 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 $3000 every 6 months for 12...