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The Chair owesMoses $55,513.78 in 14-months. Mosesagrees to let her repay the loan with a payment of $35,000 in 6-months, $10,000 in 8-months and $Xin

The Chair owesMoses $55,513.78 in 14-months. Mosesagrees to let her repay the loan with a payment of $35,000 in 6-months, $10,000 in 8-months and $Xin 14-months. If money is worth j4= 6%, what is the value of X, using 14-months as the focal date along with the exact method of crediting/charging interest?

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