Question: A 60-day 12% note for $49,000, dated July 15, is received from a customer on account in exchange for land that they acquired. The maturity

A 60-day 12% note for $49,000, dated July 15, is received from a customer on account in exchange for land that they acquired. The maturity value of the note is (using 360 days as a year)

a. $49,980

b. $54,880

c. $48,020

d. $49,000

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