Question: A $40,000, 3-month, 8% note is dated June 1, 2016. The maturity date and maturity value of the note are, respectively: Principle 40,000 IR% .08
A $40,000, 3-month, 8% note is dated June 1, 2016. The maturity date and maturity value of the note are, respectively:
| Principle | 40,000 |
| IR% | .08 |
| Term | ? |
(this is what i have so fat. i was told i can keep the 3 months instead of converting to days however i get different answers.)
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