Given the following, calculate A) the Maturity Value of the Note, B) the Discount Period, and C) the Proceeds, using ordinary interest. 1. Principal Rate Time Date of Note Date of Discount Discount Rate $17,500 2.8% 90 Days October 31 3% December 5 2. Francine Stevens purchased a $10,000 13-week pe here to search The amount banks charge for the use of money is called interest. O True O False Given interest of $10,510 at 12 percent, for 30 days (using ordinary interest), the principal is: O $105,100 O $525,000 O $1,525,500 O $1,051,000 O None of the above