The Datons' accountant told them they will get refund of $8500 upon their income taxes. They're excited and decide to borrow as much as possible now to go on lifelong dream tour of one month in the Amazon in South America. They do not want to borrow more than can be repaid with their income tax refund. Find the proceeds if their accountant agrees to lend them the funds at 7% compounded monthly for 2 months