Chang, Inc. issued a 3-month note in the amount of $720,000 on December 1 of...
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Finance
Chang, Inc. issued a 3-month note in the amount of $720,000 on December 1 of this year with an annual rate of 5%. What amount of interest has accrued as of December 31 of this year? Select one: a. $9,000 b. $3,000 c. $8,550 d. $2,850 e. $950
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