Question: You expect to have $ 8 comma 0 0 0 8 , 0 0 0 in one year. A bank is offering loans at 1

You expect to have
$8 comma 0008,000
in one year. A bank is offering loans at
15%15%
interest per year. How much can you borrow today?
Question content area bottom
Part 1
Today, you can borrow
$enter your response here.
(Round to the nearest cent.)

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