Adam Baum Company borrowed $50,000 from B. A. Ware on January 1, 2021, and signed a three-year, 5% installment note to be paid in three equal payments at the end of each year. The present value of $1 for 3 periods at 5% is.86384 The present value of an annuity due of $1 for 3 periods at 5% is 2.85941 The present value of an ordinary annuity of $1 for 3 periods at 5% is 2.72325, Required Calculate the amount of one installment payment (Round your final answer to the nearest whole dollar.)