Timmy borrows $10,000 and agrees to make five-year annual payments (beginning one year after taking out the loan) according to the following schedule: $1,000; $2,000; $3,000; $2,000, and $ . Timmy's fifth annual payment will be used to pay off the remaining balance of the loan. Given the interest rate is 7% compounded annually, determine Timmy's fifth payment. Answer = $4,690