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How much is accrued interest at december

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Question - Buttner Company borrows $88,500 on September 1, 2017, from Harrington State Bank by signing an $88,500, 12%, one-year note. How much is accrued interest at December 31, 2017?

$2,655

$4,425

$10,620

$3,540

Reference no: EM131699325

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