On January $1,201,$ a company borrows $$1,000$ cash by signing a four$-$year, $5\%$ installment note. The note requires four equal total payments of accrued interest and principal on December $31$ of each year from $20$X$1$ through $20$X$4.$

Compute the amount of each of the four equal total payments.

$)=4,i=(5\%))=4,i=(5\%$

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