You have a loan outstanding. It requires making 5 annual payments at the end of the next 5 years of $4,000

each. Your bank has offered to allow you to skip making the next 4 payments in lieu of making one large payment at the end of the loan's term in 5 years. If the interest rate on the loan is 3.58%,

what final payment will the bank require you to make so that it is indifferent between the two forms of payment?

The present value of the cash flows is?

$nothing.

(Round to the nearest dollar.)