Toyota is interested in borrowing $$5$ million for $90$ days. Bank of America has quoted a rate that is $1\mathrm{.}85$ percent under the prime rate of $3\mathrm{.}90$ percent. Daiwa Bank is offering Toyota a rate that is $0\mathrm{.}95$ percent over the three$-$month LIBOR of $0\mathrm{.}42$ percent.

Problem $21\mathrm{.}37$ a$1-$a$3($a$1)$

What is the interest cost on Bank of America loan in dollars? $($Do not round intermediate calculations. Round answer to $0$ decimal places, e$.$g$.1,525.$ Use $360$