Ernie went to the local Sesame Loan to take out a short-term loan. Ernie needs to borrow $9,800 for 6 months. Sesame Loan will offer Ernie a simple interest rate of 8.75% for 6 months. Ernie promises to pay back the entire loan (with interest) at the end of the 6 months. How much will Ernie have to pay to Sesame Loan at the end of 6 months? Be sure to round your answer to the nearest penny (2 places after the decimal).