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Porters Inc. issued a 120-day note in the amount of $240,000 on 12/16/14 with an annual rate of 8%. What amount of interest has accrued

Porters Inc. issued a 120-day note in the amount of $240,000 on 12/16/14 with an annual rate of 8%. What amount of interest has accrued as of 12/31/14?

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