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Chang, Inc. issued a 120-day note in the amount of $720,000 on December 16 of this year with an annual rate of 5%. What amount

Chang, Inc. issued a 120-day note in the amount of $720,000 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? Select one: a. $12,000.00 b. $11,835.62 c. $1,500.00 d. $1,479.45 e. $1,451.62

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