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Jetson, Inc. borrowed $550,000 on May 1, 2021 by signing a note payable. The note requires Jetson to pay interest at 8% and to repay

Jetson, Inc. borrowed $550,000 on May 1, 2021 by signing a note payable. The note requires Jetson to pay interest at 8% and to repay the principal of the note in one year. How much interest is recognized for the period from May 1 to December 31, 2021? Please round your answer to the nearest dollar

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