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What is the accrual interest as of december

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Reference no: EM132582239

Question 1: MM Company borrowed $88,500 on September 1, 2014 from Sandwich State Bank by signing an a note with one year interest of 12%. What is the accrual interest as of December 31, 2014?

Option a. $2,655

Option b. $4,425

Option c. $3,540

Option d. $10,620

Option e. None of the above

Reference no: EM132582239

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