Question: Please answer this accurately and pace yourself, I will thumbs up or down depending on results Grecian Tile Manufacturing of Athens, Georgia, borrows $1,500,000 at
Please answer this accurately and pace yourself, I will thumbs up or down depending on results

Grecian Tile Manufacturing of Athens, Georgia, borrows $1,500,000 at LIBOR plus a lending margin of 1.43 percent per annum on a six-month rollover basis from a London bank. If six-month LIBOR is 5.40 percent over the first six-month interval and 5.465 percent over the second six-month interval, how much will Grecian Tile pay in interest over the first year of its Eurodollar loan? (Do not round intermediate calculations. Round your answer to 2 decimal places.)
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