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Posted: **Sat Feb 19, 2022 2:44 pm**

: Assume That You Borrow 10000 Aed Today And Promise To Repay The Loan In Two Payments One In Year 2 And The Other In Yea 1 (26.57 KiB) Viewed 31 times

Assume that you borrow 10000 AED today and promise to repay the loan in two payments, one in year 2 and the other in year 4. The payment in year 2 is double the payment of your 4. At a compound interest rate of 10% per year, the size of the payment in year 4 will be closest to: