A loan of $5,000 is to be repaid by $2,500 in one year, and a final payment in two years. If interest is 6.6% compounded quarterly, what is the size of the final payment?

Compounded Quarterly

The practice of adding interest to the principal sum of a deposit or loan on a quarterly basis, thereby earning interest on interest.

Final Payment

The last payment in a series that completes the payment obligation.

Interest

The fee paid for borrowing money, typically a percentage of the principal, or the earnings from investment.