Ellen has maxed out her credit card at $19,500 and vows not to make any other credit card purchases. Her credit card company charges 1.5% interest per month, and the minimum monthly payment is all interest due plus 3% of the principal balance. How much of the balance can Ellen pay down if she pays the
minimum payment only for 3 months? Round the answer to the nearest cent.

After three months, Alan would have paid off how many dollars?