Calculation can be done as follows:
Maturity value = Principal amount + Interest
= $60,000 + [$60,000 * 10% * 4/12]
= $60,000 + $2,000
= $62,000
Hence, the correct option is A
The maturity value of a 4 month, 10% note for $60,000, dated May 12 is: (Round...
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