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Problem #2: Luke got a $10,400.00 face-value note for 250 days with a discount rate of 8.5%. A) (1pt.) Find the discount amount with 360-day

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Problem #2: Luke got a $10,400.00 face-value note for 250 days with a discount rate of 8.5%. A) (1pt.) Find the discount amount with 360-day year. B) (0.5pts.) Find the proceeds. C) (1.25pt.) Find the APR. Problem #2: Luke got a $10,400.00 face-value note for 250 days with a discount rate of 8.5%. A) (1pt.) Find the discount amount with 360-day year. B) (0.5pts.) Find the proceeds. C) (1.25pt.) Find the APR

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