11 A contractor decided to borrow $7000 from a bank in order to buy an equipment for his company. The bank allows him pay back his loan in five years at a monthly interest rate of 5%, the farmer can pay $58 per month but can increase his monthly payment by a certain value in arithmetic way (Gvalue). What should be the value so that he finished the loan by the end of five years? out of O 55902.10 O S8097.90 $18.78 5132505.03 53:49