Answer Happy

Posted: **Sun Jul 03, 2022 12:52 pm**

: 6 You Are Loaned 300 At The End Of Years 1 And 2 And Loaned X At The End Of Year 3 You Pay This Loan Back With Payme 1 (10.88 KiB) Viewed 13 times

6) You are loaned $300 at the end of years 1 and 2, and loaned X at the end of year 3. You pay this loan back with payments of X at the end of year 4, and $400 at the end of years 5 and 6. Find X if the effective annual interest rate i = .07.