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Fleetwood, Inc. signed a one-year note payable for $49,000 at 11% annual interest. What is the interest expense for 2025 if the note was

Fleetwood, Inc. signed a one-year note payable for $49,000 at 11% annual interest. What is the interest expense for 2025 if the note was signed on August 1, 2025? (Do not round any intermediate calculations, and round your final answer to the nearest dollar.) OA. $2,246 B. $16,170 OC. $5,390 OD. $2,695

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