Question: A 90-day, 12% note for $10,000 dated May 1 is received from a customer on account. The maturity value of the note is: a. $10,000

A 90-day, 12% note for $10,000 dated May 1 is received from a customer on account. The maturity value of the note is:
a. $10,000
b. $10,300
c. $450
d. $9,550

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