borrows $50,000 from the Mighty Bank today and the Bank requests her to repay her loan in four equal payments along with 12% interest. Each of the four payments must be paid at the end of the next three years. What is the amount of each payment? Please round to the nearest whole number.

$14,817 plus 12% interest

$20,818 plus 12% interest

$20,818

$14,817

None of the other alternatives are correct