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(9 points) A bank offers loans with inflation protection. The loan amount is 200 and t be repaid with a single payment after 2 years.

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(9 points) A bank offers loans with inflation protection. The loan amount is 200 and t be repaid with a single payment after 2 years. The bank requires an annual interest rate of 2.9% compounded continuously plus the rate of inflation. If the annual rate of inflation compounded continuously is 0.79% during the first year and 1.25% during the second year, find the payment amount due after 2 years. A. 216.31 B. 216.53 C. 216.85 D. 217.46 E. 217.83

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