Question: Please clearly indicate all steps taken to solve the question. Thank you! Problem #5: A loan of $42,000 is paid off in 36 payments at

Please clearly indicate all steps taken to solve the question. Thank you!

Problem #5: A loan of $42,000 is paid off in 36 payments at the end of each month in the following way: Payments of S1050 are made at the end of the month for the first 12 months. Payments of $1050x are made at the end of the month for the second 12 months. Payments of $1050+2x are made at the end of the month for the last 12 months What should x be if the nominal monthly rate is 12.6%? Problem #5: Answer correct to 2 decimals. Just Save Your work has been saved! (Back to Admin Page) Submit Problem #5 for Grading Problem #5 | Your Answer: Your Mark Attempt #1 | Attempt #2 | Attempt #3 | Attempt #4 | Attempt #5

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