Computing the Proceeds from the Sale of Notes Receivable

Below are several customer notes receivable that were sold without recourse.

An $$7,000,60-$day, non$-$interest$-$bearing note sold after $15$ days at $12\%.$

A $$10,000,12\%,60-$day note sold after $30$ days at $14\%.$

A $$6,000,10\%,90-$day note sold after $30$ days at $12\%.$

A $$20,000,12\%,120-$day note sold after $45$ days at $15\%.$

Required:

Determine the proceeds from each of the preceding sales of customer notes receivable. $($Assume a $360-$day year.$)$ Do not round intermediate calculations. When required, round your final answers to the nearest dollar. If an amount is zero, enter $"0".$

Note $1$ Note $2$ Note $3$ Note $4$

Face Value of Note $fill in the blank $1$ $fill in the blank $2$ $fill in the blank $3$ $fill in the blank $4$

Interest to Maturity fill in the blank $5$ fill in the blank $6$ fill in the blank $7$ fill in the blank $8$

Maturity Value $fill in the blank $9$ $fill in the blank $10$ $fill in the blank $11$ $fill in the blank $12$

Discount fill in the blank $13$ fill in the blank $14$ fill in the blank $15$ fill in the blank $16$

Proceeds $fill in the blank $17$ $fill in the blank $18$ $fill in the blank $19$ $fill in the blank $20$