Question 1 2 pts You work for a lender and a developer has requested a loan such that they are able to draw $10,000 for construction expenses at the beginning of each month for 14 months. You have informed him the land where the property is being constructed will serve as the collateral and the loan will have 0.5% per month with no payments being due until the end of 14 months plus 2% fees of the end balance including interest. What would be the amount due to the lender at the end of 14 months of this construction loan? Note: Please round your answer to the nearest dollar