Will started his June 1, 30-day credit card billing period with a balance of $2,000. He used his credit card to purchase medication costing $75 on June 10th, paid for car repairs of $800 on June 15th, and made a small payment of $500 on June 20^th. The annual credit card interest rate is 18%, compounded daily. How much interest will he be charged in the month of July assuming the average daily balance method is used?

1. $33.97
2. $34.49
3. $43.53
4. $46.91