Question: Do not copy the answer from others' on Chegg. Be clearly, thank you. Thumb up if u can solve. Sylvia is repaying a loan of

Do not copy the answer from others' on Chegg. Be clearly,

Do not copy the answer from others' on Chegg. Be clearly, thank you. Thumb up if u can solve.

Sylvia is repaying a loan of X by making 17 annual payments of 100. Each payment consists of interest on the loan at 5% effective and an amount that is deposited in a sinking fund earning 4% effective. At the end of 17 years, the amount in the sinking fund is equal to the original loan amount accumulated with interest at the sinking fund rate. Determine X

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