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

Chang, Inc. issued a 120-day note in the amount of $288,000 on December 16 of this year with an annual rate of 5%. What amount of interest has accrued as of December 31 of this year?

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