Tamarisk Enterprises had a tough month in May, but June's sales and cash activity are looking strong. Tamarisk had to borrow $4,000 in May in order to maintain the company's required minimum balance of $5,000. The loan carries an annual interest rate of 6%, with monthly interest payments required. Loan withdrawals, in $1,000 increments, are assumed to be taken out on the first of the month. Loan payments, also in $1,000 increments, reduce the principal on the last day of the month. The June 1 cash balance is $5,350. With budgeted cash receipts of $101,800 and cash disbursements of $99,500 in June, how much of the prior month's loan would Tamarisk be able to pay off in June, if any? What is Tamarisk's projected ending cash balance in June? Loan paid off $ Projected ending cash balance $