A $12,000,5% Note Is Dated May 18 and Is Due

question 80

Multiple Choice

A $12,000,5% note is dated May 18 and is due in 90 days.Using a 360-day year,the maturity value would be:

• A)$12,000.
• B)$12,050.
• C)$12,175.
• D)$12,150.