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A $12,000,5% Note Is Dated May 18 and Is Due

Question 80

Multiple Choice

A $12,000,5% note is dated May 18 and is due in 90 days.Using a 360-day year,the maturity value would be:

A) $12,000.
B) $12,050.
C) $12,175.
D) $12,150.

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