Your cousin has purchased a rare stamp collection that costs $50,000, and the dealer has made the following payment arrangements. She will lend your cousin the money who will then repay the loan by making the same payment every two years for the next 20 years, with the first payment to be made at the end of year 2. If the interest rate is 5% per year, compounded annually, the amount she will have to pay every two years is closest to: