Q2. For a $30,000 loan taken from a bank now, the borrower will pay back the loan in 3 end-of-year payments of $5000 each to be paid at the end of years 1, 2, and 3 and a fourth payment (X) to be paid at the end of year 5, as shown in the cash flow diagram below. What should be the value of the last payment (X) to be paid back at the end of year 5, assuming an interest rate is 12% per year? The cash flow diagram below is drawn from the viewpoint of the bank. x=3 $5000 $5000 $5000 IIT, I 0 1 2 3 4