Multiple Choice
Duerr company makes a $60,000, 60-day, 12% cash loan to Ryan Co. The maturity value of the loan is: (Use 360 days a year.)
A) $60,000.
B) $58,800.
C) $1,200.
D) $61,200.
E) $67,200.
Correct Answer:
Verified
Correct Answer:
Verified
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