Assume you borrow $10,000 today and promise torepay the
Chapter 3, Problem 3.75(choose chapter or problem)
Assume you borrow $10,000 today and promise torepay the loan in two payments, one in year 2 andthe other in year 4, with the one in year 4 beingonly half as large as the one in year 2. At an interestrate of 10% per year, the size of the payment inyear 4 is closest to:(a) $4280 (b) $3975(c) $3850 (d) $3690
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