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We can use trigonometry to solve this problem. Let h be the height of the balloon above the ground. Then, we can set up the following equation:
tan(41°) = h/1503
To solve for h, we can multiply both sides by 1503:
h = 1503 * tan(41°)
Using a calculator, we can find:
h ≈ 1033 meters
Therefore, to the nearest meter, the balloon is 1033 meters above the ground.