First, find the initial proceeds of the following simple discount note. Each note is then discounted at 11% on March 18. Find the discount period, the discount, and the proceeds after discounting. Use banker's interest of 360 days. Loan Made on Maturity Value Length of Loan (Days) Date of Rate % Discount January 16 $29,100 170 days 9.5% March 18 Click the icon to view the Number of Each of the Days of the Year table. The initial proceeds are $ (Round to the nearest cent as needed.) The discount period is days. The discount is $ (Round to the nearest cent as needed.) The proceeds at the time of sale are $