has arranged a line of credit that allows it to borrow up to $53 million at any time. The interest rate is .629 percent per month. Additionally, the company must deposit 3 percent of the amount borrowed in a non-interest bearing account. The bank uses compound interest on its line-of-credit loans. If the company needs $29 million for 6 months, how much will it pay in interest? $1,273,557.16$1,111,815.40$1,146,201.45$1,015,969.25$920,123.09