Chapter 8 - Simple Interest Applications Find the proceeds and the discount A 130 day promissory note for $1,400 with interest at 8.28%, issued September 6, 2012 is discounted (sold on November 10, 2012 at an interest rate of 13.63% (The dates must be answered in the following format January 1, 2012) (Do not include the $ sign when entering money values.) Legal due date = Number of days Future value Days left after discount The sale value (proceeds) = Amount of discount