You lend Darren $5,000 and he agrees to repay you in equal year-end amounts over 5 years. If the interest rate is 6% per annum compounded quarterly,...

You lend Darren $5,000 and he agrees to repay you in equal year-end amounts over 5 years. If the interest rate is 6% per annum compounded quarterly, the annual repayment will be closest to:

Select one:

A. $1,186.98

B. $1,122.51

C. $1,191.39

D. $1,119.79