Question 5 Suppose a debt of $7,000 is due at the end of 5 years. If you pay $2,000 at the end of year 1, what single payment should be made at the end of year 2 in order to liquidate the debt, assuming the interest rate is 6.5% per year compounded quarterly? (a) $3,635.67 (b) $4,635.67 (c) $5,635.67 (d) $6,635.67 (e) $7,635.67