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Sisters Inc. issued a 120-day note in the amount of $180,000 on November 1, 2016...

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Accounting

Sisters Inc. issued a 120-day note in the amount of $180,000 on November 1, 2016 with an annual rate of 6%. What amount of interest has accrued as of December 31, 2016?

Select one:

A. $3,000

B. $2,250

C. $1,800

D. Zero. The interest is accrued at the end of the 120 day period.

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