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8. On 8/1/2019, CVY issued a 120-day note of $500,000 with an annual rate of 8% and a 90-day note of $500,000 with an annual

8. On 8/1/2019, CVY issued a 120-day note of $500,000 with an annual rate of 8% and a 90-day note of $500,000 with an annual rate of 7%. What amount of interest has accrued as of 8/24/2019?

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