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4 Exercises: Find the maturity value of each of the following simple interest notes. Each note is then discounted at 12%. Find the discount period,
4 Exercises: Find the maturity value of each of the following simple interest notes. Each note is then discounted at 12%. Find the discount period, the discount, and the proceeds after discounting. Date Loan Face Length Maturity Date of Discount Was Made Value of Loan Rate Value Discount Period Discount Proceeds 1. Feb. 7 P 6200 90 days 10.5% __________ Apr. 1 _____ ________ _________
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