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Rex Corporation accepted a $ 1 4 , 5 0 0 , 5 % , 1 2 0 - day note dated August 8 from

Rex Corporation accepted a $14,500,5%,120-day note dated August 8 from Regis Company in settlement of a past bill. On October 11, Rex discounted the note at Park Bank at 6%.(Use Days in a year table.)
a. What is the note's maturity value?
Note: Use 360 days a year. Do not round intermediate calculations. Round your final answer to the nearest cent.
Maturity value
b. What is the discount period?
Discount period
days
c. What is the bank discount?
Note: Use 360 days a year. Do not round intermediate calculations. Round your final answer to the nearest cent.
Bank discount
d. What proceeds does Rex receive?
Note: Use 360 days a year. Do not round intermediate calculations. Round your final answer to the nearest cent.
Proceeds received
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