Calculate the bank discount and proceeds (in $) for the simple discount note. Use the ordinary interest method, 360 days, when applic Face Value Discount Rate (%) Term Bank Discount Proceeds $55,000 9.25 11 months $ $ Need Help? Read It Show My Work (Optional) DETAILS BRECMBC9 10.111.008. Using ordinary interest, 360 days, calculate the missing information for the simple discount note. (Round dollars to the nearest cent.) Face Discount Date of Term Maturity Bank Discount Proceeds Rate (%) Note (days) Date (in $) (in $) Value $400 12.4 Sept. 5 106 --Select- Need Help? Read It