Question: A $ 3 0 , 0 0 0 , 6 0 - day, 1 2 % note, dated May 1 , is received from a

A $30,000,60-day, 12% note, dated May 1, is received from a customer on account. Assume a 360-day year, the maturity value of the note is
a. $600
b. $30,600
c. $33,600
d. $30,000

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