5. The Summer Plaza borrowed $100.000 from the Meadow Bank to pay for a new air conditioning system. The loan is for a period of 5 years at an interest rate of 10% and requires 5 equal end-of-year payments that include both principal and interest on the outstanding balance. What will be the outstanding balance after the third payment? (Hint: Calculate annual payment, the FV of 100,000, and FVA of the first three annual payments as of the end of the third year) Show your work just like how I did in the videos. No Work, No Points. a. $60,000 b. $20,865 c. $45,788 d. $50,866