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On 1/11/10, Carpet Company borrows $60,000 from National Bank on a 3-month 8% note. The amount of interest to be accrued on 31/12/10 is: O

On 1/11/10, Carpet Company borrows $60,000 from National Bank on a 3-month 8% note. The amount of interest to be accrued on 31/12/10 is: O a $400 O b. 1,200 O c$4,800 O d. $800

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