Calculate how much the borrower should invest today

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Reference no: EM133265622

Question: After the July unrest that took place in 2021, African Bank granted Brown Bread Spaza a loan to resume its operations. African Bank expected a pay out of R20 000 for the next eight years at an annual interest rate of 14%, compounded semi-annually. Calculate how much the borrower should invest today to be able to pay back the funder.

Reference no: EM133265622

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