Your brother has asked you for a loan and has promised to pay
you $9,800 at the end of three years. If you normally invest to
earn 6.40 percent per year, how much will you be willing to lend to
your brother if you view this purely as a financial transaction
(i.e., you don’t give your brother a special deal)? **(If
you solve this problem with algebra round intermediate calculations
to 6 decimal places, in all cases round your final answer to the
nearest penny.)**

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