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Question 6 (4 points) Rocky Co. issued a 120-day note in the amount of $150,000 on October 31, 2023 with an annual rate of 6%.
Question 6 (4 points)
Rocky Co. issued a 120-day note in the amount of $150,000 on October 31, 2023with an annual rate of 6%. What amount of interest has accrued as of December 31, 2023?
Question 6 options:
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$4,500 |
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$ 2,250 |
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$1,500 |
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$750 |
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Zero. The interest is accrued at the end of the 120 day period.
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