You've Worked Out a Line of Credit Arrangement That Allows

You've worked out a line of credit arrangement that allows you to borrow up to $2.1 million at any time.The interest rate is .72 percent per month.In addition, 3 percent of the amount you borrow must be deposited in a non-interest-bearing account.Assume your lender uses compound interest and that you need $1.3 million today which you will repay in five months.How much interest will you pay?

A) $79,069
B) $48,947
C) $42,103
D) $47,479
E) $48,886