How much did sam borrow, Sam has a loan that requires a

How much did sam borrow

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Sam has a loan that requires a single payment of $4,000 at the end of 3 years. The loan's interest rate is 6%, compounded semiannually. How much did Sam borrow?

Reference no: EM131290311

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How much did sam borrow : Sam has a loan that requires a single payment of $4,000 at the end of 3 years. The loan's interest rate is 6%, compounded semiannually. How much did Sam borrow?

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