Question: Brooks Inc. issued a 1 2 0 - day note in the amount of $ 1 8 0 , 0 0 0 on November 1

Brooks Inc. issued a 120-day note in the amount of $180,000 on November 1, Year 1 with an annual rate of 6%. What amount of interest has accrued as of December 31, Year 1?
Select one:
A. $3,000
B. $2,250
C. $1,800
D. Zero. The interest is accrued at the end of the 120 day period.

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