A loan of $20,000 is being paid by installments of $1,000 at the end of each six-month period and a smaller final payment made half a year after the last regular payment. The interest rate for the loan is a nominal interest rate of 2% convertible semiannually. Find the outstanding loan balance when the borrower has made payments equal to 75% of the original amount of the loan. (Round your answer to the nearest cent.) $