A $49,000,three-Month,12% Note Payable Was Issued on December 1,2018

question 146

Multiple Choice

A $49,000,three-month,12% note payable was issued on December 1,2018.What is the amount of accrued interest on December 31,2018? (Do not round any intermediate calculations,and round your final answer to the nearest dollar.)

• A) $490
• B) $708
• C) $354
• D) $823

---

Definitions:

Privacy

The right of individuals to keep their personal information secure and free from unauthorized access.

Predictive Analytics

The use of data, statistical algorithms, and machine learning techniques to identify the likelihood of future outcomes based on historical data.

Digital Realm

Pertains to the virtual environment created by digital technologies, encompassing all digital devices, internet services, and digital communication platforms.

Data

refers to facts, figures, or information collected for reference, analysis, or computing, often used to inform decisions or understand trends.