Spectra Scientific of Santa Clara, California, manufactures Q-switched solid-state industrial lasers for LED substrate scribing and silicon wafer dicing. The company got a $66 million loan amortized over a 4-year period at 8% per year interest NOTE: This is a multi-part question. Once an answer is submitted, you will be unable to return to this part. What is the amount of the unrecovered balance immediately before the payment is made at the end of year 1. (Enter your answer in dollars and not in millions.) The amount of the unrecovered balance is $