Nancy borrows $65,000 from a bank today. She will make 20 annual repayments of $X starting in 3 years. She will also make a final repayment of $5,000 one year after the last $X repayment. The interest rate is 5% p.a. effective. Which of the following equations can be used to find $X? X A. 65,000 = (1 1.05-2)(1.05) + 0.05 B. 65,000(1.05)23 c. 65,000 (1.05) X 0.05 = = (1.05201) + 5000 X 0.05 (1 - 1.05-20) + 5000 1.0521 5000 1.0521 X D. 65,000 = (1 1.05-20)(1.05)+ 0.05 5000 1.0523