BridgettE bridal just bought a new look for $33,000. To pay for the loom, the company took out a loan that requires a Bridgette bridal to pay the bank a special payment of $15,000 in 3 years and also make regular annul payments forever. The first annual payment is expected in one year and is expected to be $2,600. All subsequent regular payments are expected to increase by a constant rate each year forever. The interest rate on the loan 15.80 percent per year. What is the annual growth rate of the regular payments expected to be?

uestion 1 Brigitte Bridal just bought a new loom for $33,000. To pay for the loom, the company took out a loan that requires Brigitte Bridal to pay the bar payments forever. The first regular payment is expected in 1 year and is expected to be $2,600. All subsequent regular payments are expected 15.80 percent per year. What is the annual growth rate of the regular payments expected to be? 4.66% (plus or minus.05 percentage points) a. 1.36% (plus or minus .05 percentage points) O. 6.06% (plus or minus .05 percentage points) C. d. 7.92% (plus or minus .05 percentage points) None of the other alternatives is within .05 percentage points of the correct answer e. > Moving to another question will save this response. acer