You borrow $30000 from the bank now at an annual effective interest rate of 6%, and the period of the loan is 10 years. At the end of each year, you will be paying the outstanding interest on the loan and at the same time you will also be depositing a level amount into a sinking fund earning an annual effective interest rate of 4% to ensure that the principal can be repaid. Calculate the total amount of payments you need to make over the 10-year period.