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Problem 6.05 Daniel Jackson borrowed some money from his friend and promised to repay him $1,270, $1,330, $1,480, $1,620, and $1,620 over the next five years. If the friend normally discounts investment cash flows at 6.0 percent annually, how much did Daniel borrow? (Round answer to 2 decimal places, e.g. 15.25. Do not round factor values. Present value Click if you would like to Show Work for this question: pen Show Work

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