Warner Inc. issued a 120-day note in the amount of $90,000 on October 31, 2019 with an annual rate of 6%.
What amount of interest has accrued as of December 31, 2019?
A) $1,500
B) $1,125
C) $4,500
D) $ 915
E) Zero. The interest is accrued at the end of the 120 day period.
Correct Answer:
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