10. Calculate the face value needed to provide $7,500 with a 7% discount rate for 225 day. 11. Using ordinary interest, calculate the bank discount, proceeds, and effective rate for the following simple discount note (round the effective rate to the nearest hundredth percent): Face Discount Bank Effective Value Rate Term Discount Proceeds Rate $20,000 12.6% 60 days 12. Jake Harris can invest $6,000 for 6 years at National Savings Bank and receive 6% interest compounded annually in a passbook savings account. Moravian Bank offers him 6% interest compounded semiannually. How much more interest will Jake eam if he invests at Moravian? 13. Simon invests $19,500, at 9% interest, compounded annually for 11 years. Calculate the compound amount for his investment