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30. Richard borrows $10 000 from his mother. He will repay her $2000 at the end of each of the next four years and the

30. Richard borrows $10 000 from his mother. He will repay her $2000 at the end of each of the next four years and the balance at the end of the fifth year. If the interest rate is 12%, what is the amount to be paid at the end of the fifth year?

a. $2000.00

b. $3926.00

*c. $6924.16

d. $5869.65

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