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Complete the following table for the simple discount notes. Use the ordinary interest method. (Round your answers to the nearest cent.) Amount due at maturity

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Complete the following table for the simple discount notes. Use the ordinary interest method. (Round your answers to the nearest cent.) Amount due at maturity 5.000 Time Discount rate 6.25% Bank discount Proceeds 170 days Calculate the discount period for the bank to wait to receive its money: (Use Days in a year table): Date of note Length of note Date note discounted March 7 Discount period days February 16 45 days

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