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Magick, Inc. converted a$4,000 account receivable from Ronaldo to a 75minusday, 8% note receivable. The maturity value(assume a 360minusday year) that will be due from

Magick, Inc. converted a$4,000 account receivable from Ronaldo to a 75minusday,

8% note receivable. The maturity value(assume a 360minusdayyear) that will be due from Ronaldo in 75 days(round to nearestdollar) is:

A. $4,320. B. $4,067. C. $4,000. D. some other number.

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