You borrowed 25000 from a friend who is asking 75


You borrowed $25000 from a friend who is asking 7.5% compounded interest rate per year for payback.

if you decide to pay him back in three payments.

1) First payment: $6000 two years from now.

2) second payment: $9000 three years from now>

3) third payment: $X five years from now>

What would be the value of $X at the end of the fifth year?

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Financial Management: You borrowed 25000 from a friend who is asking 75
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