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ch 10 22. Calculate the bank discount and proceeds for the following simple discount note. Use the ordinary interest method, 360 days, when applicable. Round

ch 10

22. Calculate the bank discount and proceeds for the following simple discount note. Use the ordinary interest method, 360 days, when applicable. Round your answers to the nearest cent.

Face Value Discount Rate (%) Term Bank Discount Proceeds

$270 10.655 days $$

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