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Tonya agrees to pay an amount of 3X at the end of 6 years and an amount of X at the end of 8 years.
Tonya agrees to pay an amount of 3X at the end of 6 years and an amount of X at the end of 8 years. In return, she will receive $4000 at the end of 7 years and $6500 at the end of 10 years. At an effective annual interest rate of 2%, find the size of Tonya's second deposit. Possible Answers A $7518 B $5062 $3923 D $2510 E $2506
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