Problem #5: A loan of $53,000 is paid off in 36 payments at the end of each month in the following way: Payments of $1325 are made at the end of the month for the first 12 months. Payments of $1325 +x are made at the end of the month for the second 12 months. Payments of $1325 + 2x are made at the end of the month for the last 12 months. What should x be if the nominal monthly rate is 8.6%? Problem #5: 8109.82 Answer correct to 2 decimals. Just Save Submit Problem #5 for Grading Problem #5 Attempt #1 Attempt #2 Attempt #3 Attempt #4 Attempt #5 Attempt #6 Attempt #7 Attempt #8 Your Answer: 8109.82 Your Mark: 0/2x