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A $30,000, three-month, 7% note payable was issued on November 1, 2015. What is the amount of accrued interest on December 31, 2015? Select one:

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A $30,000, three-month, 7% note payable was issued on November 1, 2015. What is the amount of accrued interest on December 31, 2015? Select one: O $267 $175 O $350 $275 O $525

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