Terry only made the minimum required payment on his credit card in May. Thus he started the next 30-day billing period (June 1) with a balance of $720. Terry used his credit card to pay for repairs on his car on June 10 for $1,500 and sent in another payment of $1,000 on June 25. His annual interest rate is 23%, compounded daily. How much interest will he be charged for the month of June?

1. $361.00
2. $207.15
3. $43.73
4. $29.68