Question: Using a 360-day year, the maturity value of a 90-day note for $3,500 at 8% annual interest is: a.$3,780. b.$3,710. c.$3,570 d.$3,500.

Using a 360-day year, the maturity value of a 90-day note for $3,500 at 8% annual interest is:

a.$3,780.

b.$3,710.

c.$3,570

d.$3,500.

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