Question: please answer me!! C. Brooks borrows $50,000 today at the interest rate of 6% p.a. effective. He promises to make 5 yearly repayments of $10,000

please answer me!!

C. Brooks borrows $50,000 today at the interest rate of 6% p.a. effective. He promises to make 5 yearly repayments of $10,000 starting in one year. To pay off the loan, he will make a final repayment of $X in 6 years. Calculate the SX he needs to repay. (Round your answer to the nearest cent.)

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