On August 14,First Avenue Bank Lent $250,000 to City Cafe

question 71

Multiple Choice

On August 14,First Avenue Bank lent $250,000 to City Cafe on a 75 day,4% note.What is the maturity date of the note? (Use a 360-day year and round answers to the nearest dollar. )

• A)$252,055
• B)$252,083
• C)$250,000
• D)$260,000

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