A student borrows money to pay for university tuition. He borrows 500 at the end of each month for five years. No payments are made to repay the loan until the end of six years. The loan accumulates interest at a 4.8% nominal interest rate convertible monthly for the first three years and at a 6.5% nominal interest rate convertible monthly for the following two years. Calculate the loan balance at the end of four years immediately following the receipt of the final 1000. O 34,513 O 34,771 O 34,796 O 34,856 O 34,942