2)

A loan is to be repaid by $1250 in 1.5 years and $1750 in three years and three months . The borrower has asked to repay $1000 in two years and a final payment in four years. If money can earn 8% compounded semi annually, what is the size of the final payment?

Select one:

a. 2206

b. 1200

c. none of them

d. 1372

e. 1468