Assuming a 360-Day Year, the Maturity Value of a ¥900,000

question 254

Multiple Choice

Assuming a 360-day year, the maturity value of a ¥900,000, 10%, 60-day note receivable dated July 3 is

• A) ¥900,000.
• B) ¥990,000.
• C) ¥909,000.
• D) ¥915,000.

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