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The correct answer is $3395.34 but I am not sure how to get it. Thanks. A loan of $5000 is taken out today. It is

image text in transcribedThe correct answer is $3395.34 but I am not sure how to get it. Thanks.

A loan of $5000 is taken out today. It is due with interest at j4=8% in 2 years. Instead, the borrower negotiates with the lender to pay $2500 in 1 year and $X in 3 years. If the lender can reinvest any payment at j2=5%, what is the value of X ? A. $3038.93 B. $2493.59 C. $3581.68 D. $3395.34

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