Question: A $ 2 0 , 0 0 0 , 3 - month, 8 % note is dated June 1 , Year 1 . The maturity

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

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