A 90-Day, 8% Note for $10,000 Dated May 1 Is

question 79

Multiple Choice

A 90-day, 8% note for $10,000 dated May 1 is received from a customer on account.The maturity value of the note is (Assume 360 days in a year) :

• A) $10,000.
• B) $10,800.
• C) $10,200.
• D) $9,800.

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