A 90-day note dated May 14 has a maturity date of

Name: A 90-day note dated May 14 has a maturity date of
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The maturity date of a 90-day note dated May 14 is calculated by adding 90 days to May 14. May has 17 days remaining (31-14), June has 30 days, and July has 31 days. Adding 17 (May) + 30 (June) + 31 (July) = 78 days. The remaining 12 days (90-78) fall into August, making the maturity date August 12.

A 90-Day Note Dated May 14 Has a Maturity Date