LT Corporation obtained a 60-day short-term loan amounting to 1,000,000. The interest charge is 12% per annum. The loan was released on March 1, 2019 and will mature on April 30, 2019. The interest should be paid at the end of the term. How much accrued interest did FLT Corporation have, as a form of short-term financing, on March 15, 2019?

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