A debt of $5700 is due,with interest at j₂ = 8%,in three years.It is agreed instead that the loan will be repaid with a payment of $X in one year and $3000 in two years.If money is worth j₄ = 4%,what is the value of X?

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The Answer of A debt of $5700 is due,with interest at j₂ = 8%,in three years.It is agreed instead that the loan will be repaid with a payment of $X in one year and $3000 in two years.If money is worth j₄ = 4%,what is the value of X?

A Debt of $5700 Is Due,with Interest at J2 =

A Debt of $5700 Is Due,with Interest at J₂ =