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What is the accrued interest as of december thirty-one is

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Reference no: EM132836912

Problem 1: The 90-day non-interest bearing note amounting to ?50,000 was issued on November 30, 2019. The prevailing interest rate is 12%. What is the accrued interest as of December 31, 2019 is?

a. ? 1,000
b. ? 500
c. ? 1,500
d. none

Reference no: EM132836912

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