Question: 1. A note made on January 4 and due in 90 days would mature on what date? (assume February has 28 days) a. April

1. A note made on January 4 and due in 90 days

1. A note made on January 4 and due in 90 days would mature on what date? (assume February has 28 days) a. April 2 c. April 4 b. April 3 d. April 5 2. The maturity value of a $5,000, 60-day, 6 percent note would be (use a 365 day year): a. $5,051.32 c. $5,049.32 b. $5,050.00 d. $4,949.32

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