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A loan of 410,000 is going to be repaid by month-end repayments of 3,000 starting in one month. The interest rate is 4.4% p.a. compounded

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A loan of 410,000 is going to be repaid by month-end repayments of 3,000 starting in one month. The interest rate is 4.4% p.a. compounded monthly. Calculate the loan outstanding balance at the end of year 2. 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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