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Lou borrowed $39,000 today. She has agreed to pay $12,900 in 12 months and the...

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Lou borrowed $39,000 today. She has agreed to pay $12,900 in 12 months and the balance owing in 3 years. If the interest rate is 7.4% compounded semi-annually, how much will Lou still owe in 3 years. Round your final answer only to 2 decimal places. Full marks for the correct answer. If your answer is not correct you may receive part marks so please show your work. Your Answer: Your Rough Work

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