An employee steals a sum of $83591 and a second sum of $163719 two years later from
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An employee steals a sum of $83591 and a second sum of $163719 two years later from a company. Eventually the thief is caught, stands trial and is found guilty. The judge decides that the employee must reimburse the company by repaying the amount stolen plus 10.8% p.a. interest (compounded monthly) calculated over the period since it was stolen. It is now six years since the first offence. How much has to be repaid?
(Give your answer to the nearest cent, omitting the dollar sign.)
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