Question: Fleetwood inc. signed a one - year note payable: Fleetwood, Ine signed a one - year note payablo for $55,000 at 7% annual interest. What

Fleetwood inc. signed a one - year note payable:

Fleetwood, Ine signed a one - year note payablo for $55,000 at 7% annual interest. What is the interest expenso for 2025 if the note was signod on August 1,2025 ? (Do not round any intermediafe calculations, and round your final answer to the nearest dollar.) A. 53,850 B. 511.550 C. $1,925 D. 51.604

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