Grecian Tile Manufacturing of Athens, Georgia, borrows $$1,500,000$ at six$-$month

CME Term SOFR plus a Bank Credit premium of $43$ percent and a lending margin

of $\mathrm{.}80$ percent per annum on a six$-$month rollover basis from a London bank. If six$-$

month CME Term SOFR is $2\mathrm{.}5$ percent over the first six$-$month interval and $3\mathrm{.}375$

percent over the second six$-$month interval, how much will Grecian Tile pay in

interest over the first year of its Eurodollar loan?