Problem #5: A loan of $38,000 is paid off in 36 payments at the end of each month in the following way: Payments of $950 are made at the end of the month for the first 12 months. Payments of $950 + x are made at the end of the month for the second 12 months. Payments of $950 + 2x are made the end of the month for the last 12 months. What should x be if the nominal monthly rate is 8.8%? Problem #5: Answer correct to 2 decimals. Just Save Submit Problem #5 for Grading Attempt #1 Attempt #2 Attempt #3 Attempt #4 Attempt #5 Problem #5 Your Answer: Your Mark