A $20,000, 3-month, 8% note is dated June 1, 2016. The maturity date and maturity value of the note are, respectively:

Select one:
A. August 29, 2016; $20,400
B. September 1, 2016; $400
C. August 29, 2016; $20,000
D. September 1, 2016; $20,400

D. September 1, 2016; $20,400

Business

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