Ordinary General Annuities - Finding the FV. Please do these correctly as a lot of times in the past experts have answered it wrong and I still did not understand the concept. :)

Langara Woodcraft borrowed money to purchase equipment. The loan is repaid by making payments of $1118.42 at the end of every month over ten years. If interest is 5.5% compounded annually, what was the original loan balance? The original loan balance was $0. (Round the final answer to the nearest cent as needed. Round all intermediate values to six decimal places as needed.)