On August 1, 2020, Savannah Springs Inc. borrowed $250,000 with an annual interest rate of 5%. The note matures in 24 months on July 31, 2022 at which point all interest and principal will be paid. What amount, if any, of interest has accrued as of December 31, 2020?

Group of answer choices

$0

$2,604

$5,208

$12,500