Today is December 31st, 2017. Mr. Barrett owns a Chase Sapphire credit card. The credit card has 12% APR with monthly billing cycles. This credit card has no minimum monthly payment requirement (a special promotion). Mr. Barrett only made one transaction using this credit card. On Jan. 1st, 2016, he spent $2,000 to buy an iMac Pro. He has not paid back any money to Chase yet. Please help Mr. Barrett calculate how much money he owes to Chase as of today, which is the end of 24th billing cycle since Jan. 1st, 2016.

Mr. Barrett cows to Chase $______ as of today, which is the end of 8th billing cycle since Jan. 1st, 2016. (Round to nearest cent.)