Terms of a Loan: Amount of Loan $75,000 Repayment Period

Terms of a loan: Amount of loan $75,000 Repayment period 5 years Repayment plans for loan: Repayment Plan #1 Level annual payments at the beginning of each year Repayment Plan #2 Level semi-annual payments at the end of each 6-month period 1000 d(4) = 76.225X = the annual payment under Repayment Plan #1. Y = the total payments in each year under Repayment Plan #2. In what range is X ?Y ?

A) Less than $1,000
B) $1,000 but less than $1,025
C) $1,025 but less than $1,050
D) $1,050 but less than $1,075
E) $1,075 or more