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

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answerhappygod
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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

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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.
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