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You borrowed $10,000 on 12/1/X1. The loan was for a term of 6 months and contained a 12% interest rate. The amount of accrued interest

You borrowed $10,000 on 12/1/X1. The loan was for a term of 6 months and contained a 12% interest rate. The amount of accrued interest payable of the loan at 12/31/X1 is: $600 $100 $1,200 $7,200

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