A debt of 2000 due 4 years from now is to be repaid by a, Finance Basics

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A debt of 2000 due 4 years from now is to be repaid by a

Question: A debt of $2,000 due 4 years from now is to be repaid by a payment of $1,000 now and a second payment at the end of 2 years. How much should the second payment be if the interest rate is 5% compounded annually? The response must be typed, single spaced, must be in times new roman font (size 12) and must follow the APA format.

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Finance Basics: A debt of 2000 due 4 years from now is to be repaid by a

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