A loan of $20,000 is repaid by (i) an annuity-immediate of n years of $2,000, plus (ii) a final balloon payment of X one year after the last $2,000 repayment. The annual effective interest rate is 7%. Determine n. 10 None of the others 0 19 16 O 17 O 18 Question 8 6 pts (Continued from the last question) Determine X $3200 or more but less than $3600 $3600 or more $2000 or more but less than $2400 less than $2000 $2400 or more but less than $2800 $2800 or more but less than $3200