You borrowed $25000 from a friend who is asking 7.5% compounded interest rate per year for payback.
if you decide to pay him back in three payments.
1) First payment: $6000 two years from now.
2) second payment: $9000 three years from now>
3) third payment: $X five years from now>
What would be the value of $X at the end of the fifth year?