Question: A Company signed a four-month note payable in the amount of $8,000 on September 30. The note requires interest at an annual rate of

A Company signed a four-month note payable in the amount of $8,000 on September 30. The note requires interest at an annual rate of 9%. The amount of interest to be accrued at the end of December is: $240 $540 $720 $180 None of the above

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