Question: To settle a debt with interest at 12% compounded semiannually, Mr Who agrees to make 15 payments of $400 at the end of each half-year

To settle a debt with interest at 12% compounded semiannually, Mr Who agrees to make 15 payments of $400 at the end of each half-year and a final payment of $292.39 six months later. How much did Mr Who borrow?

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