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

Multiple Choice

$23,810 plus 12% interest

None of the other alternatives are correct

$23,810

$29,585

$29,585 plus 12% interest