6.)A mail-order firm signed a 60-day discount note with a face value (maturity value) of $16,500 and a discount rate of 12.4%. How much will the bank receive as their discount?

9.) Felicity Bank falsely advertises a "special low rate" on a 90 day discount loans. You accept a $20,000 loan and receive $9,500 after their discount. What is the real annual interest rate?