Brandt loans Lori $4,000 at an annual effective interest rate of 4%. They agree that Lori will make annual end-of-year payments of $500 to repay the loan, then realize that they must figure the term of the loar If the term I is to be such that $4000 = $500a7o, find T. (Round your answer to four decimal places.) T = 9.8331 Find the amount of the last payment at time T. (Round your answer to the nearest cent.) $ 417.92 x