A bank offers loans at a low interest rate which is adjusted for inflation. An investor agrees to take a loan of $3,000 to be repaid with a single payment after 2 years. The bank requires an annual interest rate of 1.50% compounded continuously plus the rate of inflation. Compute the payment due in 2 years on the loan if the annual rate of inflation compounded continuously is 0.77% in the first year and 1.27% in the second year.

$3,155

$3,205

$3,255

$3,305