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Please include what steps you take to solve this problem 1. A $60,000, FOUR-MONTH, 7% NOTE PAYABLE WAS ISSUED ON DECEMBER 1, 2015. WHAT IS

Please include what steps you take to solve this problem

1. A $60,000, FOUR-MONTH, 7% NOTE PAYABLE WAS ISSUED ON DECEMBER 1, 2015. WHAT IS THE AMOUNT OF ACCRUED INTEREST ON DECEMBER 31, 2015

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