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Chipole borrowed $32,200 on March 1, 2019. Chipole signed a 2-year 5% interest-bearing note. What is the amount to accrue interest on December 31, 2020?

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Chipole borrowed $32,200 on March 1, 2019. Chipole signed a 2-year 5% interest-bearing note. What is the amount to accrue interest on December 31, 2020? Multiple Choice $268. $3,220. $966. $1,610

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