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A loan will be repaid by month-end repayments of 3,000 for 10 years. The interest rate is 5.3% p.a. compounded monthly for the first 6

A loan will be repaid by month-end repayments of 3,000 for 10 years. The interest rate is 5.3% p.a. compounded monthly for the first 6 years and 9.7% p.a. compounded monthly thereafter. How much is the loan? Correct your answer to the nearest cent without any units. (Do not use "$" or "," in your answer. e.g. 12345.67)

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