$(1$ point$)($Exercise $5\mathrm{.}20)$ A borrower is repaying a loan with $11$ annual payments of $$1400.$ Half of the loan is repaid by the amortization

method at $4\mathrm{.}4\%$ effective. The other half of the loan is repaid by the sinking fund method in which the lender receives $4\mathrm{.}4\%$ on the

investment and the sinking fund accumulates at $3\mathrm{.}4\%$ effective. Find the amount of the loan. Answer to the nearest dollar.

ANSWER $=$$