Six years ago, Bill Tower borrowed $1,320,000 to purchase a new home. The loan had an interest rate of 6.75% p.a. and a term of 240 months (i.e., required 20 years of monthly payments with the first payment due one month after Bill closed on the loan). What is the current payoff amount on Bill’s loan (that is, immediately after the 72nd payment assuming that Bill has only made the required monthly payment every month)?