An automotive dealer borrowed $7800.00 from the Bank of Montreal on a demand note on May 9 Interest on the loan, calculated on the daily balance, charged to of $2000 on July 16, a payment of $2900 on October 1 and repaid the balance on December 1 The rate of interest on the loan on Mayo was 8% per annum The for the loan? The total interest.cost for the loan is 1 (Round the final answer to the nearest cent as needed Round all intermediate values to six decimal places as needed) Enter your answer in the anawao 1 Search for anything the loan, calculated on the daily balance, is charged to the dealer's current account on the oth of each month The automotive dosler made a payment interest on the loan on May 9 was 8% per annum The rate was changed to 8.6% on August 1 and to 9.2% on October 1 What was the total interest cost as needed) An automotive dealer borrowed $7800.00 from the Bank of Montreal on a demand note on May 9 Interest on the loan, calculated on the daily balance, charged to of $2000 on July 16, a payment of $2900 on October 1 and repaid the balance on December 1 The rate of interest on the loan on Mayo was 8% per annum The for the loan? The total interest.cost for the loan is 1 (Round the final answer to the nearest cent as needed Round all intermediate values to six decimal places as needed) Enter your answer in the anawao 1 Search for anything the loan, calculated on the daily balance, is charged to the dealer's current account on the oth of each month The automotive dosler made a payment interest on the loan on May 9 was 8% per annum The rate was changed to 8.6% on August 1 and to 9.2% on October 1 What was the total interest cost as needed)