Multiple Choice
The maturity value of a 90-day note for $8,000 that bears interest at 10 percent a year is
A) $7,800.
B) $8,000.
C) $8,200.
D) $8,800. 8,000 x 90/360 x .1 = 200; 8,000 + 200 = $8,200.
Correct Answer:
Verified
Correct Answer:
Verified
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