Compute the size of the final payment for the following loan.

Principal

Periodic Payment

Payment Interval

Payment Made$$ At:

Interest Rate

Conversion Period

$$$$22$ comma $000$

$$$$1$ comma $974$

$1$ month

end

$3\%$

monthly

Question content area bottom

Part $1$

The size of the final payment is $$$

$$

enter your response here.

$($Round the final answer to the nearest cent as needed. Round all intermediate values to six decimal places as$$ needed.$)$