When Calculating Interest on a Promissory Note with the Maturity

question 53

Multiple Choice

When calculating interest on a promissory note with the maturity date stated in terms of days, the

• A)maker pays more interest if 365 days are used instead of 360.
• B)maker pays the same interest regardless if 365 or 360 days are used.
• C)payee receives more interest if 360 days are used instead of 365.
• D)payee receives less interest if 360 days are used instead of 365.

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A government-funded educational system accessible to all children within a country or region, providing free primary and secondary education.

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