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QUESTION 2 You receive a 4-year $28,000 loan with an interest rate of 9% p.a., to be repaid in four annual installments. The loan requires

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QUESTION 2 You receive a 4-year $28,000 loan with an interest rate of 9% p.a., to be repaid in four annual installments. The loan requires that you make total payments of $5,000 at t = 1, $1,000 at t=2, and $1,000 at t = 3, with the remaining loan balance paid at maturity. What is the total payment amount at t=4, rounded to the nearest dollar

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