You Have Two Options Available in Repaying a Loan

Multiple Choice

You have two options available in repaying a loan.You can pay $2000 at the end of 5-months and $3000 at the end of 10-months OR you can pay $X at the end of 2-months and $3X at the end of 9-months.If the simple interest rate is r = 4% and the focal date is at the end of 5-months,what is X?

A) $1246.89
B) $2479.32
C) $2685.41
D) $2727.19