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On October 1, the Mono Mortuary signed a $20,000, one-year notes payable that bears interest at a rate of 3.5%. If no interest has

On October 1, the Mono Mortuary signed a $20,000, one-year notes payable that bears interest at a rate of 3.5%. If no interest has been previously accrued on this note, the total interest to be accrued on this note at December 31 would be: (Round your answer to the nearest dollar. Do not use dollar signs, commas or decimals.)

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