BRECMBC9 10.III.004

19. [-12 Points] DETAILS BRECMBC9 10.111.004. MY NOTES ASK YOUR TEACHER PRACTICE ANOTHER Calculate the bank discount and proceeds (in $) for the simple discount note. Face Value Discount Rate (0/0) Use the ordinary interest method, 360 days, when applicable. (Round your answers to the nearest cent.) Proceeds Term 11 months Bank Discount $55,000 Need Submit Answer 9.25