On September 1, 2018, Susan Chao bought a motorcycle for $38,000. She paid $1,200 down and financed the balance with a five-year loan at an annual percentage rate of 8 percent compounded monthly. She started the monthly payments exactly one month after the purchase (i.e., October 1, 2018). Two years later, at the end of October 2020, Susan got a new job and decided to pay off the loan.

If the bank charges her a 1 percent prepayment penalty based on the loan balance, how much must she pay the bank on November 1, 2020? (Do not round intermediate calculations and round your answer to 2 decimal places, e.g., 32.16.)