Question: A 90 -day, 12% note for $14,500, dated May 1 , is recelved from a customer on account. Assuming a 360 -day year, the maturity

A 90 -day, 12% note for $14,500, dated May 1 , is recelved from a customer on account. Assuming a 360 -day year, the maturity value of the note is a. $14,065. b. $14,935 c. $14,500. d. $16,240. A 90 -day, 12% note for $14,500, dated May 1 , is recelved from a customer on account. Assuming a 360 -day year, the maturity value of the note is a. $14,065. b. $14,935 c. $14,500. d. $16,240

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