Kaelyn borrows \($30\),000 from her grandfather today to cover her college expenses. She agrees to repay the loan, with the first payment due 5 years from today in the amount of \($2\),000. No payment is made at the end of year 6.

Starting 7 years from today, a series of five annual end-of-year payments is made, with the first in the amount of $X.

Each subsequent payment is \($1\),500 greater than the previous payment. Draw the cash flow diagram of this transaction from the grandfather’s perspective.