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Question 16 3 pts Chapter 5 Discount Notes, APR Use: B - MDT. MV = Proceeds/1-DT On September 4, Nita Darmati signed a $5,350 promissory

Question 16 3 pts Chapter 5 Discount Notes, APR Use: B - MDT. MV = Proceeds/1-DT On September 4, Nita Darmati signed a $5,350 promissory note to purchase furniture for her home office. The note had a simple interest rate of 8.5% for 120 days. What was the maturity value of the note? Round to the nearest cent. Assume ordinary interest

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