A $5,000, 12% note is dated April 10 and is due in 90 days. The due date would be
A) June 9.
B) June 10.
C) July 9.
D) July 10.

Name: A $5,000, 12% note is dated April 10 and is due in 90 days. The due date would be A) June 9. B) June 10. C) July 9. D) July 10.
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Question

Quizplus · Accepted Answer

To determine the due date, we need to add 90 days (the term of the note) to the date the note was issued, which is April 10. Therefore, the due date would be July 9.

A $5,000, 12% Note Is Dated April 10 and Is