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You receive a 4 - year $ 2 9 , 0 0 0 loan with an interest rate of 5 % p . a .

You receive a 4-year $29,000 loan with an interest rate of 5% p.a., to be repaid in four annual installments. The loan requires that you make total payments of $6,000 at t =1, $2,000 at t =2, and $2,000 at t =3, with the remaining loan balance paid at maturity. What is the total payment amount at t =4, rounded to the nearest dollar?

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