On July 1, 2020, Smalls Baseball Company borrowed $100,000,000 to build a new baseball stadium. This loan requires annual interest payments and repayment of the principal plus the final years interest at the end of the 5^th year. The terms of the loan were:

5-year loan

Interest rate 3.2%

What amount will Smalls list as Interest Expense for 2020?

Note. Enter numbers only-- do not use a dollar sign ($) or comma.