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What is accrued interest on december

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Question - If AAA Inc. was considering a short-term note to purchase inventory for a special project, how much interest would they pay? On October 1, AAA Inc. records a short-term, six-month, 7% note in the amount of $5,000. What is accrued interest on December 31? What is the maturity value of the note? How much is the total interest paid?

Reference no: EM133163292

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