How much will be repaid as a lump sum amount

Reference no: EM13208237

a person has made an arrangement to borrow $1,000 now and another $1,000 two years hence. The entire obligation is to be repaid at the end of four years. If the projected interests rates in years one, two, three and four are 10%, 12%, 12%, and 14% respectively, how much will be repaid as a lump sum amount at the end of four years?

Reference no: EM13208237

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