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On July 7, University Bank lent $ 560 comma 000 to Jazz Music Shop on a 60 day, 4 % note. What is the maturity
On July 7, University Bank lent
$ 560 comma 000
to Jazz Music Shop on a 60 day,
4
%
note. What is the maturity value of the note? (Use a
360minus
day
year and round answers to the nearest dollar.)
A.
$ 563 comma 682
B.
$ 560 comma 000
C.
$ 563 comma 733
D.
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