The city of Springshire received an interesting offer from a local company. The company would like the city to provide a loan of $3762675 to the company. In exchange, the company will repay the loan in the future. The company will begin making loan payments of $559951 to the city at the end of year 7. The company will make the loan payments for 15 years. The city would like you to calculate how much the loan payments would be worth today, to make sure this is a wise investment of taxpayer dollars. Use an interest rate of 12% compounded annually to make the calculation Note: The city will receive the first loan payment at the end of year 7. The city will receive a total of 15 loan payments Enter your answer as: 12345 Round your answer. Do not use a dollar sign ("$"), any commas(") or a decimal point(")