On January 2001, a company takes a $5,000,000 Loan to purchase an apartment complex. The loan is to be financed over 5 years at an interest rate of 4% payable every six months. Using the table below:

TIME	Period
Jan-01					$ 5,000,000.00
Jun-01	1	$ 556,642.63	$ 100,000.00	$ 456,642.63
Dec-01	2	$ 556,642.63
Jun-02	3	$ 556,642.63
Dec-02	4	$ 556,642.63
Jun-03	5	$ 556,642.63
Dec-03	6	$ 556,642.63
Jun-04	7	$ 556,642.63
Dec-04	8	$ 556,642.63
Jun-05	9	$ 556,642.63
Dec-05	10	$ 556,642.63

What is the balance on the loan as of June 30, 2003?