A company's holds a $$1,000,$ two$-$month, $12\%$ promissory note dated May $1.$

Which one of the following statements is true?

A$.$ The maturity value of the note is $$1,000$

B$.$ The $12\%$ interest rate on the note represents two$-$month interest rate and

not an annual interest rate.

C$.$ The interest income is $$20$

D$.$ The interest income is $$120.$