Solve for maturty value, discount period bank discount and proceeds. Assume a bank discount rate...
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Solve for maturty value, discount period bank discount and proceeds. Assume a bank discount rate of 10% Use the ordinary interest method (Use Days in a yeat able ) (Do not round intermediate calculations. Round your final answers to the nearest cent.) Date note discounted Discount period Bank d Face value (principal)Rate of interest Length of noteMaturity value Date of note October 21 85 days daysS $46,600 11%
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