Question $4$

$10$ pts

Mercer Ltd$.$ signed a $$17,000$ note carrying $4\%$ interest due in $6$ years, with interest due at maturity. If interest is compounded annually, what is the interest due at maturity?

Time Value of Money Table Factors:

present value of annuity, period $=6,$ interest rate $=4\%$:$5\mathrm{.}24214$

present value of $$1,$ period $=6,$ interest rate $=4\%$:$\mathrm{.}79031$

future value of annuity, period $=6,$ interest rate $=4\%$:$6\mathrm{.}6330$

future value of $$1,$ period $=6,$ interest rate $=4\%$:$1\mathrm{.}26532$

Round your answer to a whole number.