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Water Co. issued a 90-day note payable for $310,000 on November 1, 2019 with an annual interest rate of 12%. Assuming a 360-day year, what

Water Co. issued a 90-day note payable for $310,000 on November 1, 2019 with an annual interest rate of 12%. Assuming a 360-day year, what amount of interest has accrued as of December 31, 2019? What is the total amount of interest that will be paid on this note (including 2019 and 2020)?

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