Question: Please answer question below Chang, Inc. issued a 120-day note in the amount of $540,000 on December 16 of this year with an annual rate

Please answer question below

Chang, Inc. issued a 120-day note in the amount of $540,000 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? Select one: 3. $1,088.72 O b. $1,109.59 O C. $1,125.00 O d. $8,876.72 O e. $9,000.00

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