Desired proceeds of a discounted bank note are $1,000. Find the face value of a note that will generate $1,000 at 4% for 90 days.Use the formula: M = P/ 1-DT where M is the face value desired to get net proceeds, P is net proceeds; D is the rate of the note; and T is the time of the note. Multiple choice question. $1015 $1010 $994.85