Answer to Question #333324 in Financial Math for Lala

Question

Rinae borrows 5x from the bank.he undertakes to repay the bank as follows,R3000 one year from now,R1000 four years from now,Rx 6 years from now,R4000 10 years from now which will then redeem the loan.Calculate x of the compounded interest for the first 5 years is 12% per annum and for the last 5 years interest is 10% per annum bi-annually