Money paid in cash = Rs. 1000
Balance payment = (40000 - 1000) = Rs. 39000
The price of a T.V. set worth Rs. 40000 is to be paid in 20 installments of Rs. 1000 each. If the rate of interest be 6% per annum, and the first installment be paid at the time of purchase, then the value of the last installment covering the interest as well will be?

[1] 22678
[2] 26699
[3] 26788
[4] 19000
[5] 39000