Ive done this so many times, and every attempt has been done exactly how we were instructed in our lecture - but its WRONG. I feel like Im going crazy...

17. [0.4/0.52 Points] DETAILS PREVIOUS ANSWERS BRECMBC9 10.111.020. MY NOTES ASK YOUR TEACHER PRACTICE ANOTHER The following interest-bearing promissory note was discounted at a bank by the payee before maturity. Use the ordinary interest method, 360 days, to calculate the missing information. (Round dollars to the nearest cent.) Face Value Interest Rate (%) Date of Note Term of Note (days) Maturity Date Maturity Value (in $) $1,280 7.1 Sept. 19 130 January 27 $ 1312.82 Date of Discount Discount Period (days) Discount Rate (%) Proceeds (in $) Dec. 12 46 11.3 $ 1261.52 x Need Help? Read It