Answer:
The correct answer is "$2.18 million".
Explanation:
The given problem seems to be incomplete. The attachment of the complete question is attached below.
Given that,
Principle,
= 1.8 million
Interest rate,
= 10%
Number of years,
= 2 years
Now,
The factor will be:
= [tex](1+0.10)^2[/tex]
= [tex](1.1)^2[/tex]
= [tex]1.21[/tex]
hence,
The amount of payment will be:
= [tex]Principle\times factor[/tex]
= [tex]1.8\times 1.21[/tex]
= [tex]2.18 \ million[/tex]
