Question: A 60-day, 8% note for $25,200, dated May 1, is received from a customer on account. The maturity value of the note, assuming a

A 60-day, 8% note for $25,200, dated May 1, is received from

A 60-day, 8% note for $25,200, dated May 1, is received from a customer on account. The maturity value of the note, assuming a 360-day year, is a. $336 b. $27,216 c. $25,200 d. $25,536

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