Silas wants to get into whitewater rafting. The store is adv…

Silas wants to get into whitewater rafting. The store is advertising a sale on their select kayaks where he can finance a kayak through them for 2 years, at an interest rate of 9%, compounded monthly.  How much will Silas pay if he chooses to finance the kayak and not pay the $6,500 price upfront? Report your answer to two decimal places.