On March $1,$ Minnerly Motors obtains a business loan from a local bank. The loan is a $$24,000$ interest$-$only loan with a nominal rate of $16\%.$ Interest is calculated on a simple interest basis with a $365-$day year. What is Minnerly$$s interest charge for the first month $($assuming $31$ days in the month$)?$ Do not round intermediate calculations. Round your answer to the nearest cent.