Shane's Music has a line of credit with a local bank that permits it to borrow up to $750,000 at any time. The interest rate is 0.28 percent per month. The bank charges compound interest and also requires that 4 percent of the amount borrowed be deposited into a non-interest-bearing account. How much interest will the firm pay if it needs $500,000 of cash for four months to pay its operating expenses?

$5,857.88

$6,017.02

$6,208.11

$6,039.91

$5,949.21