On October 1,2015,Bill Burns Borrowed $170,000 from the New National

question 160

Multiple Choice

On October 1,2015,Bill Burns borrowed $170,000 from the New National Bank on a 6-month,6% note.Assuming no interest has been recorded yet,what is the amount of accrued interest as of December 31,2015?

• A) $5,100
• B) $2,550
• C) $10,200
• D) $7,650

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Definitions:

Juicero Company

A now-defunct company known for its high-end internet-connected juicer, which became controversial for its cost and the requirement to use proprietary pre-packaged fruit and vegetable packs.

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Adaptation

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