The payment due at maturity on a $489.52, 8% note, dated May 28 and due July 31 is __________ using a 360-day year to compute interest.
A) $496.48
B) $493.89
C) $495.56
D) $495.82

Question

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The Answer of The payment due at maturity on a $489.52, 8% note, dated May 28 and due July 31 is __________ using a 360-day year to compute interest.
A) $496.48
B) $493.89
C) $495.56
D) $495.82

The Payment Due at Maturity on a $489