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Question 14 (5 points) Xantrex Technologies Inc. borrowed $10,000 four months ago and another $3,000 today from another company. Xantrex agreed to repay the loan

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Question 14 (5 points) Xantrex Technologies Inc. borrowed $10,000 four months ago and another $3,000 today from another company. Xantrex agreed to repay the loan with two payments. The first payment is due in 6 months and the second in one year. The second payment will be TWICE AS BIG as the first one. Using a focal point of TODAY, calculate the size of the second payment using a SIMPLE interest rate of 7% per annum. (2 decimals)

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