Question: A loan charging 6% interest compounded semi-annually, was repaid in three installments in 1 year: one $300 payment after 6 months; one $500 payment after

A loan charging 6% interest compounded semi-annually, was repaid in three installments in 1 year: one $300 payment after 6 months; one $500 payment after 8 months; and a final payment of $1200 at the end of the year. What was the value of the original loan?

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