Finding Maturity Value, Discount Rate, and Term:

1. Find the maturity value of a 6-month discount note if the discount is $250 and the discount rate is 12.5%.

2. Halls Homestyle Horseradish Farms signed a $25,000 discount note with a term of 90 days. The company received proceeds of $24,325. Find the simple discount rate for this note.

3. Suppose that an investment manager buys a $10,000 U.S. government discount note for $9,759.16. If note matures in 217 days, fi nd the simple discount rate.

4. A note with a maturity value of $5,000 is sold at a simple discount rate of 4%. If the proceeds are $4,975, what is the term of the note?

5. Handy Dandy Discount Loans offers Jason $785.21 in exchange for a paycheck of $800, which he will be receiving in a few days. If the simple discount rate is 75%, in how many days is Jason expecting his paycheck?