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Company Ideals issued a 90 day note payable for $240,000 on November 1, 2018 with an annual interest rate of 11%. Assuming a 360-day year,

Company Ideals issued a 90 day note payable for $240,000 on November 1, 2018 with an annual interest rate of 11%. Assuming a 360-day year, what amount of interest has accrued as of December 31, 2018? What is the total amount of interest that will be paid on this note (including 2018 and 2019)?

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