Problem 4.12 Julia borrows $10.000 for 10 years at an effective interest rate of 10% pa. She can repay the loan using the amortization method with level payments of $1,627.45 at the end of eaclh year. Instead Julia repays the loan using a sinking fund that pays an annual effective rate of 14%. Deposits to the sinking fund are equal to $1,627.45 minus interest on the loan, and are made at the end of each year for 10 years. What is the balance in the sinking fund immediately after repayment of the loan (after 10 years)