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. On 31-Oct-16 Wheat Inc. borrowed $300,000 with an annual rate of 6% and the promise to repay the money together with the interest in

. On 31-Oct-16 Wheat Inc. borrowed $300,000 with an annual rate of 6% and the promise to repay the money together with the interest in 120 days.

What amount of interest has accrued as of 31-Dec-16?

A. $3,000

B. $18,000

C. $6,000

D. Zero. The interest is accrued at the end of the 120 day period.

Note: Option A is correct, please explain

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