Sam has a loan that requires a single payment of $4,000 at the end of 3 years.The loan's interest rate is 6%,compounded semiannually.How much did Sam borrow?
A)$3,358.40
B)$4,000.00
C)$3,660.40
D)$4,776.40
E)$3,350.00

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The Answer of Sam has a loan that requires a single payment of $4,000 at the end of 3 years.The loan's interest rate is 6%,compounded semiannually.How much did Sam borrow?
A)$3,358.40
B)$4,000.00
C)$3,660.40
D)$4,776.40
E)$3,350.00

Sam Has a Loan That Requires a Single Payment of $4,000