Descriptors are provided below for six situations involving notes receivable being discounted at a bank. In each case, the maturity date of the note is December and the principal and interest are due at maturity. For each situation, determine the proceeds received from the bank on discounting the note.
Note: Do not round intermediate calculations. Round your final answers to the nea whole dollar.
tableNotetableFacealueDate of Note,tableInterestRatetableDateDiscountedtableDiscountRatetableProceedsReceived$
