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    A 60-Day,12% Note for $15,000 Dated May 1 Is Received
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A 60-Day,12% Note for $15,000 Dated May 1 Is Received

Question 48

Question 48

Multiple Choice

A 60-day,12% note for $15,000 dated May 1 is received from a customer on account.
The maturity value of the note is


A) $15,300.
B) $15,000.
C) $14,700.
D) $16,800.

Correct Answer:

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