You have a loan outstanding. It requires making fiveannual payments of $ 4 comma 000each at the end of the next fiveyears. Your bank has offered to restructure the loan so that instead of making the fivepayments as originally agreed, you will make only one final payment in fiveyears. If the interest rate on the loan is 4 % , what final payment will the bank require you to make so that it is indifferent to the two forms of payment?
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