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Answer the Question About the Promissory Note Given

Question 66

Multiple Choice

Answer the question about the promissory note given.
------------------------Promissory Note------------------------ March 12
Ninety days after date above, I promise to pay to the order of Thomas Ronney $710 dollars and no
Cents with interest at 12% per year, payable at Nations Bank Abercorn Branch.
Due: June 10 Signed: Fred Nester
--------------------------------------------------------------
What is the term of the loan?


A) June 10
B) 90 days
C) 12% per year
D) $710 dollars and no cents

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