Question: Olympic Equipment borrowed $ 8 0 0 , 0 0 0 on November 1 . The note matures in one year and the interest rate

Olympic Equipment borrowed $800,000 on November 1. The note matures in one year and the interest rate is8%. What amount of interest expense will be accrued on December31?(Do not round intermediary calculations. Only round your final answer to the nearest dollar.)

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