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Ancient Grains Inc. issued a 4 month note in the amount of $500,000 on October...

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Accounting

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Ancient Grains Inc. issued a 4 month note in the amount of $500,000 on October 1, 2021 with an annual rate of 5%. What amount of interest has accrued as of December 31, 2020? Select one: o A. $2,083 O B. $6,250 o C. $8,333 o D. $25,000

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