On July 7, Smithview Bank lent $430,000 to Andrews Retail Shop on a 90 day, 6% note. What is the maturity date of the note?
A) October 7
B) October 5
C) October 6
D) October 8
B .There are 24 days remaining in July (31 - 7 ); 31 days in August; 30 days in September; and 5 days in October (24 + 31 + 30 + 5 = 90 days).
Business
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