On Oct $1,2022,$ Sydneys Scuddle Bugs borrows $$50,000,000$ at $5\%$ to finance the holiday sales season. The note is for a five$-$month term and both principal and interest are payable at maturity. What is the balance of interest payable for the loan as of December $31,2022?$ Please indicate whether the balance is short$-$or long term. Round to the nearest whole dollar.