Question: please answer 6) You are loaned $300 at the end of years 1 and 2, and loaned X at the end of year 3. You

please answer 6) You are loaned $300 at the end of

please answer

6) You are loaned $300 at the end of years 1 and 2, and loaned X at the end of year 3. You pay this loan back with payments of X at the end of year 4, and $400 at the end of years 5 and 6. Find X if the effective annual interest rate 1' = .07

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