QUESTION 19 Assume that 30 days after the Oakbrook motel accepted the note from Charles White, the treasurer takes the note to the local bank, which discounts it at a rate of 10% How much is the discount? Discount - Maturity value X Discount rate X Discount period * Suppose 1 year has 360 days. $17 $20 o oo QUESTION 20 How much cash that Oakbrook treasurer would receive (--Proceeds)? Proceeds - Maturity value - Discount $2,016 $2,020 $2,023 $2,027 QUESTION 19 Assume that 30 days after the Oakbrook motel accepted the note from Charles White, the treasurer takes the note to the local bank, which discounts it at a rate of 10% How much is the discount? Discount - Maturity value X Discount rate X Discount period * Suppose 1 year has 360 days. $17 $20 o oo QUESTION 20 How much cash that Oakbrook treasurer would receive (--Proceeds)? Proceeds - Maturity value - Discount $2,016 $2,020 $2,023 $2,027