Alex was late on his property tax payment to the county. He owed $2,881 and paid the tax 10 months late. The county charges a penalty of 7% simple interest Find the amount of the penalty Alex will have to pay a penalty of S (Round to the nearest cent as needed) What is the maximum amount Ginger Logan can borrow today if it must be repaid in 13 months with simple interest at 8% and she knows that at the time she will be able to repay no more than $80,000? She can borrows (Round to the nearest dollar as needed.)