You have lent your tuition money for the summer to a friend, who agrees to pay you $200 on January 1 as well as another $600 on June 1. Your friend gets a larger than expected tax refund and offers to pay you back the entire amount on May 1. Out of fairness to you, your friend has agreed to include the 2% interest you would have earned had you left the money in the bank, using simple interest math. Using the exact number of days and assuming that interest will not be charged for the day the debt is repaid, calculate the amount you will get back from your friend on May 1. State your answer in dollars and cents, rounded to the nearest cent, without the dollar sign. 5