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Please help me check this number. Thank you so much! You have a loan outstanding. It requires making 8 annual payments at the end of

Please help me check this number. Thank you so much! image text in transcribed
You have a loan outstanding. It requires making 8 annual payments at the end of the next 8 years of $5,000 each. Your bank has offered to allow you to skip making the next 7 payments in lieu of making one large payment at the end of the loan's term in 8 years. If the interest rate on the loan is 4.17%, what final payment will the bank require you to make so that it is indifferent between the two forms of payment? The present value of the cash flows is $ 33429 (Round to the nearest dollar) The future value is $ 46352 (Round to the nearest dollar.)

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