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Question 18 (2 points) A debt of $33000 is to be repaid through annual payments of $1400 for the first 5 years, followed by annual

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Question 18 (2 points) A debt of $33000 is to be repaid through annual payments of $1400 for the first 5 years, followed by annual payments of $2500 thereafter for as long as necessary. The interest rate is 12 = 3.6%. What is the outstanding balance after the 6th payment? $36892.41 None of these options $39772.92 $42130.24 $31241.55 $30577.01

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