Shelley Ann signed a $20,000 note for 120 days at Concord Bank that charges a 5.5% discount rate. What are Shelley's discount and her proceeds?

Shelley Ann signed a $20,000 note for 120 days at Concord Bank that charges a 5.5% discount rate. What are Shelley's discount and her proceeds? (Round your answers to the nearest cent.) Discount Proceeds