Tia Summar Breeze Hotel borrowed & 100,000 from the Meadowiands Bank to pay for a new air conditioning system. The loan is for a period of 5

years at an interest rate of 10% and requires 5 equal end-of-year payments that include both principal and interest on the outstanding balance

What wil be the outstanding balance after the third payment?

a - 60,000

b - 20,865

c - 45,783

d - 50,666