Mr Louis Vuittan has a new black Centurion card from American Express. It will charge him 20.74% pa compounding daily if he does not pay off his balance at the end of each month. He went on a shopping spree at Jucci purchasing $107,489 worth of handbags and shoes. If Mr Vuittan must pay interest on this purchase for 75 days, how much interest will he pay? Assume the balance outstanding does not change during this period. $12.147.34 $6.542.92 $4.67845 $7.982.01