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53. Chang, Inc. issued a 3-month note in the amount of $288,000 on December 16 of this year with an annual rate of 5%. What

53. Chang, Inc. issued a 3-month note in the amount of $288,000 on December 16 of this year with an annual rate of 5%. What amount of interest has accrued as of December 31 of this year? A) $3,600 B) $1,140 C) $ 950 D) $1,200 E) $3,420

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