In Table 3-1 in the text, four plans were presented for the repayment of $5000 in 5

Question:

In Table 3-1 in the text, four plans were presented for the repayment of $5000 in 5 years with interest at 8%. Still another way to repay the $5000 would be to make four annual end-of-year payments of $1000 each, followed by a final payment at the end of the fifth year. How much would the final payment be?