1.) A note will mature for its face value of $20,000 in 100 days. You buy the note for $1,000 less than its face value. What are the proceeds?

2.)Brittany bought a discount bond issued by the State of California with a maturity value of $20,000. The discount rate was 3.19% and the term was 175 days. How much did Brittany pay for the bond?

3.) Halls Homestyle Horseradish Farms signed a $25,000 discount note with a term of 90 days. The company received proceeds of $24,325. Find the simple discount rate for this note.

4.)On June 28, 2009, I decided to invest some money by buying a $1,000 face value discount note, with a maturity date of December 31, 2009 and a simple discount rate of 5.89%. How much of a discount will I get off the notes face value?