Svetlana is an independent insurance broker placing various clients with any of several insurance companies. On homeowner insurance policies, each month she receives: $20 for each renewal of an existing policy; and 5.5% of the annual premiums on all new and renewed policies written in the month.
In October, she placed 37 new client policies representing $14,375 in annual premiums and 126 policy renewals representing $47,880 in annual premiums. What amount did Svetlana earn in October?