Problem $4-18$

A borrower and a lender agree on a $$295,000$ loan at $7$ percent interest. An amortization schedule of $25$ years has been agreed on; however, the lender has the option to $$call$$ the loan after five years.

Required:

If called, how much will have to be paid by the borrower at the end of five years? $($Do not round intermediate calculations. Round your final answer to $2$ decimal places.$)$