Yoo, Inc., has arranged a line of credit that allows it to borrow up to $62 million at any time. The interest rate is .638 percent per month. Additionally, the company must deposit 4 percent of the amount borrowed in a non-interest bearing account. The bank uses compound interest on its line-of-credit loans. If the company needs $38 million for 7 months, how much will it pay in interest?

$1,729,909.72

$1,801,989.29

$1,411,242.14

$1,092,574.56

$2,002,210.32