Gonzo borrows 18500 dollars from Kermit at an effective rate of 8.7 percent, and agrees to make 19 equal annual payments (the first a year from now) to repay the loan. Immediately after Gonzo makes the 6th payment, Kermit sells the loan to Fozzie. If Kermit's total yield rate (on both the original loan and the sale to Fozzie) is 3.2 percent effective, how much did Fozzie pay for the loan?
Answer = dollars.