Asked by Bushra Raisa on Jun 23, 2024
Verified
The maturity date of a 60-day note dated March 8 is May 8.
Maturity Date
The date on which a financial obligation or investment becomes due for payment or is settled.
- Calculate the expiration date of a promissory note.
Verified Answer
AI
ABAALA IKARAJun 28, 2024
Final Answer :
False
Explanation :
The maturity date of a 60-day note dated March 8 is actually May 7, because you count 60 days starting from March 9.
Learning Objectives
- Calculate the expiration date of a promissory note.