Problem #5: A loan of $51.000 is paid off in 36 payments at the end of each month in the following way: Payments of $1275 are made at the end of the month for the first 12 months. Payments of $1275 + x are made at the end of the month for the second 12 months. Payments of $1275 + 2x are made at the end of the month for the last 12 months. What should x be if the nominal monthly rate is 13.6%? Problem #5: 503.15 Answer correct to 2 decimals. Just Save Please correct the following errors: Problem #5: That incorrect answer has already been submitted! Submit Problem #5 for Gradin Attempt #3 Attempt #4 Attempt #5 Problem #5 Your Answer: Your Mark: Attempt #1 23342.07 0/2X Attempt #2 503.15 0/2X Problem #5: A loan of $51.000 is paid off in 36 payments at the end of each month in the following way: Payments of $1275 are made at the end of the month for the first 12 months. Payments of $1275 + x are made at the end of the month for the second 12 months. Payments of $1275 + 2x are made at the end of the month for the last 12 months. What should x be if the nominal monthly rate is 13.6%? Problem #5: 503.15 Answer correct to 2 decimals. Just Save Please correct the following errors: Problem #5: That incorrect answer has already been submitted! Submit Problem #5 for Gradin Attempt #3 Attempt #4 Attempt #5 Problem #5 Your Answer: Your Mark: Attempt #1 23342.07 0/2X Attempt #2 503.15 0/2X