A $20,000, 3-month, 8% note is dated June 1, 2016. The maturity date and maturity value of the note are, respectively:
A) September 1, 2016; $20,400
B) August 29, 2016; $20,400
C) September 1, 2016; $400
D) August 29, 2016; $20,000
Correct Answer:
Verified
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