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2) A loan is to be repaid over 30 years, with month-end repayments of 5,000. If the interest rate is 6.0% p.a. compounded monthly. Calculate

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A loan is to be repaid over 30 years, with month-end repayments of 5,000. If the interest rate is 6.0% p.a. compounded monthly. Calculate the loan outstanding balance at the end of 10 years. Correct your answer to the nearest cent without any units. (Do not use "$" or "," in your answer. e.g. 12345.67)

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