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?