On May 3, Rafael Sandino. negotiated a short-term loan of $930,000. The loan is due October 1, and carries a 7.20% interest rate. Use ordinary interest to calculate the interest. Note: Remember to have your calculator set to a 360-day year to find days between dates. What is the total amount Rafael would pay on the maturity date? (Do not round intermediate calculations. Round your answer to the nearest cent.)

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