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When Santa Clara University needs to sue students for nonpayment of tuition, they hire the...

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When Santa Clara University needs to sue students for nonpayment of tuition, they hire the famous "white shoe" law firm of Dewey, Cheetham & Howe. On January 1, managing partner Sue M. Formi bought a $400,000 Aston Martin Superleggera, making a $80,000 cash down payment and signing a note for the rest ot a 5% annual interest rate, Monthly payments of $5,200.00 are due at the end of each month for the next six years (72 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) 3.44 Fill in the blank

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