So ve or maturit nearest cent.) value discount per od bank discount, and proceeds. Assume a bank discount rate o 8% Use the ordinary interest method Use a s na ear able. Do not round intermediate calculations. Round your final answers to the Face value (principal) Rate of interest Length of note Date of note Date note discounted January 12 $50,400 9% 90 days February 3 days$ TABLE .1Exact days-in-a-year calendar (excluding leap year)* Day of Feb. Mar Apr. May June JulyAug. Sept.Oct. Dec. 335 336 337 month Jan 274 182 183 184 185 186 187 305 306 307 308 309 244 153 245 247 156 248 339 125 126 127 340 250 251 252 253 280 281 282 283 284 285 286 287 98 159 189 342 129 190 343 100 10I 102 162 345 346 347 132 193 194 195 196 197 198 199 255 104 134 135 257 258 259 260 73 165 227 320 321 322 323 324 325 326 327 75 289 350 351 352 353 354 355 356 357 358 359 107 137 168 229 290 262 263 264 265 266 267 268 269 50 170 292 79 232 293 202 234 295 296 297 235 205 206 207 237 329 238 299 209 240 332 362 180 272 363 302 303 243 365 Often referred to as a Jullan calendar