in 5 ed out of Chapter 8 - Simple Interest Applications Find the proceeds and the discount. A 110 day promissory note for $1,300 with interest at 9.59%, issued April 18, 2012 is discounted (sold) on June 12, 2012 at an interest rate of 10.21%. (The dates must be answered in the following format: January 1, 2012) (Do not include the $ sign when entering money values.) Legal due date = Number of days = Future value = Days left after discount = The sale value (proceeds) = Amount of discount =