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Gestion 11 4 points Save and Assume that on September 1, 2017. Mom & Pop borrowed $49,000 cash from Frost Bank and signed a promissory

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Gestion 11 4 points Save and Assume that on September 1, 2017. Mom & Pop borrowed $49,000 cash from Frost Bank and signed a promissory note that matures in nine months. The interest rate was 8 percent payable at maturity. The accounting period ends December 31 What is the interest expense for the year ended December 31, 2017 on this note? (Do not round until you determine the final answer. Round your final answer to the nearest whole dollar

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