On January 1, managing partner Sue M. Formi bought a $600,000 Lamborghini Aventador Roadster, making a $120,000 cash down payment and signing a note for the rest at an 8% annual interest rate. Monthly payments of $6,200.00 are due at the end of each month for the next nine years (108 total payments). The first payment is due January 31.

What is the loan balance after making the second payment? (Hint: Round to the nearest dollar. Do not use any dollar signs, commas, or decimals in your answer).