The Maturity Date During a Leap Year for a 95-Day

question 128

Multiple Choice

The maturity date during a leap year for a 95-day note dated February 2 is:

• A) May 8.
• B) May 6.
• C) May 7.
• D) May 5.

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Definitions:

Delay of Gratification

The capacity to resist the temptation for an immediate reward and wait for a later, often larger or more enduring reward.

Immediate Rewards

Benefits received right after completing an action, which often increase the likelihood of repeating the behavior.

Longer-term Goals

Objectives and outcomes that are planned to be achieved over an extended period, typically beyond a year.

Social Roles

Expected behaviors and responsibilities associated with particular positions within a society or group.