Question $5$ of $5$

Belinda borrowed $$20,000$ at simple interest rate of $6\mathrm{.}20\%$ p$.$a$.$ from her parents to start a business. At the end of $3$ months, she paid them $$6,000$ and $$2,000$ at the end of $5$ months. How much would she have to pay them at the end of $16$ months to clear the balance? Use 'now' as the focal date.

Round to the nearest cent