On April 3, the Mears Flag Company borrowed $16,000 to pay fogstart-up costs for its new Showroom. The loan had a simple interest rate of 6.25% and was for 220 days. The company was able to make partial payments of $5000 en May 28 and $4500 on October 12. How much will the company owe on the date of maturity? Assume 360 days in a year. Click the icon to view a table of the number of the day of the year for each date. The company will owe $on the date of maturity. (Round to the nearest cent as needed.)