Jango repays his $1000 loan with 20 level payments at the end of every year. His annual effective interest rate is 5%. Boba repays his $1000 loan by making 20 payments at the end of every year. Each payment consists of the accumulated interest plus an extra $50. His annual effective interest rate is i. The sum of the payments for each loan is the same. Find i. (a) 5.0% (b) 5.3% (c) 5.5% (d) 5.8% (e) 6.0%