The due date of a 90-day note dated June 10 is September 8. (Assume 360 days in a year)

Name: The due date of a 90-day note dated June 10 is September 8. (Assume 360 days in a year)
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Quizplus · Accepted Answer

The due date of a 90-day note would be September 8, which is exactly 90 days after June 10. Therefore, the statement is true. Assuming 360 days in a year is a common practice in finance and accounting when calculating interest and dates.

The Due Date of a 90-Day Note Dated June 10