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Daniel Dior Company borrows $88,500 on September 1, 2012, from Switch Bank by signing an $88,500, 12%, one-year note. What is the accrued interest at

Daniel Dior Company borrows $88,500 on September 1, 2012, from Switch Bank by signing an $88,500, 12%, one-year note. What is the accrued interest at December 31, 2012?

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