Question: A 60-day, 12% note for $15,000 dated May 1 is received from a customer on account. Assume 360 days in a year. The maturity value

A 60-day, 12% note for $15,000 dated May 1 is received from a customer on account. Assume 360 days in a year. The maturity value of the note (principal and interest due) is:

- $15,000

- $15,300

- $14,700

- $16,800

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