On May 11, a company accepted an $8100 note in settlement of a bill. The note was for 230 days at 7.75% simple interest. If the company sells the note to a loan company at a 10.5% discount 90 days after receipt, find the bank discount and the proceeds. Click the icon to view the Number of Each of the Days of the Year table. The bank discount is $ (Round to the nearest cent.) The proceeds are $ First, find the initial proceeds of the following simple discount note. Each note is then discounted at 11% on March 16. Find the discount period, the discount, and the proceeds after discounting. Use banker's interest of 360 days. Rate % Loan Made on January 19 Maturity Value $19,100 Length of Loan (Days) 200 days Date of Discount March 16 8.0% 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 $. Find the maturity value, discount period, discount, and proceeds for a promissory note that is discounted at 12%. Use banker's interest of 360 days. Rate % Loan Made on March 22 Face Value $5500 Length of Loan (Days) 220 Date of Discount June 2 11 Click the icon to view the Number of Each of the Days of the Year table. The maturity value is $ (Round to the nearest cent as needed.) The discount period is days. The discount is $ (Round to the nearest cent as needed.) The proceeds are $ (Round to the nearest cent as needed.)