Question: A $ 4 0 , 0 0 0 , 3 - month, 8 % note is dated June 1 , 2 0 1 6 .

A $40,000,3-month, 8% note is dated June 1,2016. The maturity date and maturity value of the note are, respectively:
September 1,2016; $40,800
August 29,2016; $40,800
September 1,2016; $800
August 29,2016; $40,000
A $ 4 0 , 0 0 0 , 3 - month, 8 % note is dated

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