On July 1, 2017, Agincourt Inc. rendered services in exchange for a 4%, 8-year promissory note having a face value of $500,000 (interest payable annually). Agincourt Inc. recently had to pay 8% interest for money that it borrowed from British National Bank. The customer of the above transaction has credit ratings that require them to borrow money at 12% interest. The present value of 1 at 12% for 8 periods 0.40388 The present value of an ordinary annuity of 4.9676 1 at 12% for 8 periods Instructions By how much amount the service revue will be credited? (Please write your answer without commas or sign of the dollar. For example, if your answer is $10,000, write it 10000)