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On December 11, 2021, Home Towne Brewery. borrowed $42,000 and signed a 60-day, 5.5% note payable. Calculate the accrued interest payable on December 31, 2021,

On December 11, 2021, Home Towne Brewery. borrowed $42,000 and signed a 60-day, 5.5% note payable.

Calculate the accrued interest payable on December 31, 2021, and ensure that you use two decimal places.

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