Today is 1 July 2021. You are looking to purchase an investment property today (after months of research and negotiations). You have spoken to Peter, the loan specialist at Harrison Bank, to negotiate the terms of your mortgage. You and Peter have agreed to the following terms:

• You will borrow $740,000 today in order to purchase your chosen property.
• This mortgage will be repaid by level monthly repayments.
• Your first repayment to the bank will occur exactly 1 month from today, on 1 August 2021, and the final repayment will occur exactly 18 years from today, on 1 July 2039.
• Peter has arranged for an interest rate of 5.9% p.a. effective to be locked in for the life of this loan.

The last payment for the loan occurs on 1 July 2039. For the next question, we will refer to 2039 as the "final year". Type in the "final year" below (i.e. if the last payment occurs in 2031, type in 2031).