A 120-day simple discount promissory note for $12,000 with a simple discount rate of 9% was signed on July 14. It was discounted on August 30 at 9.5%. Find the proceeds at the time of the sale. A Question 17 (8 points) The following note was discounted at 16%. Find (a) the discount period, (b) the discount, and (c) the proceeds. Face Value Length of Loan Rate Date of Date Loan Was Made Discount March 15 $6000 75 days 6% April 5 Blank # 1 A/ Blank # 2 A Blank # 3