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
Posted: Sun Jul 03, 2022 1:02 pm
You are loaned $300 at the end of years 1 and 2, andloaned X at the end of year 3. You pay this loan backwith payments of X at the end of year 4, and $400 at theend of years 5 and 6. Find X if the effective annualinterest rate i = .07.