Francis owes a bank the amount D1 which he agreed to pay in 2 years and another amount D2 due in 5 years. Assume that money is worth 10% compounded semi-annually. Suppose he pledged to pay his debts with two equal payments amounting to Y each so that one settled at the end of the 3rd year and the second is settled at the end of the 6th year. Which of the following correctly represents Y ? 2D1(1.05)2+D2(1.05)6 2D1(1.1)+D2(1.1)3 1+(1.1)6D1(1.1)4+D2(1.1) 1+(1.05)6D1(1.05)8+D2(1.05)2